Parent and Sub Inc. had the following balance sheets on December 31,2018:

On January 1, 2019 Parent purchased all of Sub Inc 's Common Shares for $40,000 in ca that date, Sub's Current Assets and Fixed Assets were worth $26,000 and $54,000, respect Assuming that Consolidated Financial Statements were prepared on that date, answer the following:

The Shareholders' Equity section of the Consolidated Balance Sheet would show what amount? A) $121,000

B) 598,000

C) $90,000

D) 519,000

Current Assets Fixed Assets (net) Total Assets Current Liabilities Bonds Payable Common Shares Retained Earnings Total Liabilities and Equity Parent $60,000 $100,000 $160,000 $ 42,000 $20,000 $90,00 $8,000 $160,000 Sub $10,000 $60,000 $70,000 $35,000 $12,000 $12,000 $11,000 $70,000