11 Top Corporation acquired 100 percent of Sun Corporation's common stock on December 31, 2019. Balance sheet data for the two companies immediately following the acquisition TOP ut of SUN Cash $ 49,000 $ 30,000 Accounts Receivable question 110,000 45,000 Inventory 130,000 Land 70,000 80,000 25,000 Buildings & Equipment 277,000 Investment in Sun Corporation 198,000 235,000 Total Assets $844,000 $405,000 Accounts Payable $ 61,500 $ 28,000 Taxes Payable 95,000 37,000 Bonds Payable 280,000 200,000 Common Stock 150,000 Retained Earnings 50,000 257,500 90,000 Total 5844,000 5405,000 At the date of the business combination, the book values of Sun's net assets and liabilities approximated fair value except for inventory, which had a fair values 85,000 and land, which had a fair value of $45,000 .For each question, indicate the total liabilities that should appear in the consolidated balance sheet prepared immediately after the business combination? Select one: a. 126,500 b. 701,500 c. 1,249,000 d. 436,500 tion 12 A 70 percent owned subsidiary company declares and pays a cash dividend. What effect does the dividend have on the retained earnings and noncontrolling et red interest balances in the parent company's consolidated balance sheet d out of Select one: g question a. No effect on either retained earnings or noncontrolling interest. b. No effect on retained earnings and a decrease in noncontrolling interest. c. A decrease in retained earnings and no effect on noncontrolling interest d. Decreases in both retained earnings and noncontrolling interest