In order to find this, we first need to note that the original slope is -1/4. And since parallel lines have the same slope, we know our new line will have that same slope. Now, we can use that slope and the point in point-slope form and solve for y.
That would be D. The first two would be fight (I think) except they don't include turning the calculator on. C is just plain wrong. D has all the right keystrokes.