Pina Corp Owns 60% of Simon Corp

Multiple Choice

Pina Corp. owns 60% of Simon Corp.'s outstanding common stock. On May 1, 2016, Pina advanced Simon $90,000 in cash, which was still outstanding at December 31, 2016. What portion of this advance should be eliminated in the preparation of the December 31, 2016 consolidated balance sheet?

A) $90,000.
B) $54,000.
C) $36,000.
D) $-0-.