Pretzel acts as a sponsor in creating a special purpose entity (SPE) that will purchase Accounts Receivable from Pretzel. Under what circumstances will Pretzel be required to treat the SPE as a variable interest entity and consolidate it as its primary beneficiary . a. Pretzel agrees to reimburse SPE shareholders in the event the SPE has losses. b. Pretzel has no voting rights or ability to direct SPE activities c. Pretzel receives money from the SPE for the fair value of assets that Pretzel sells to it d. The SPE has Stockholders Equity equal to 20% of SPE assets e. Pretzel is not entitled to any profits that the SPE earns