Answers are provided for both questions. Please explain how to get these numbers. Thank you,

On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping Corporation's voting shares, at underlying book value. Plimsol accounts for its investment in Shipping at cost. Shipping's retained earnings was $75,000 on the date of acquisition. On December 31, 20X4, the trial balance data for the two companies are as follows: Shipping Corp. Debit Credit 75,000 150,000 $ Item Current Assets Depreciable Assets (net) Investment in Shipping Corp. Other Expenses Depreciation Expense Dividends Declared Current Liabilities Long-Term Debt Common Stock Retained Earnings Sales Dividend Income, Shipping Corp. Plimsol Co. Debit Credit $ 100,000 200,000 125,000 60,000 20,000 25,000 $ 40,000 75,000 100,000 150,000 150,000 15,000 $ 530,000 $ 530,000 45,000 15,000 15,000 $ 25,000 50,000 50,000 75,000 100,000 $ 300,000 $ 300,000 42) Based on the information provided, what amount of retained earnings will be reported in the consolidated balance sheet prepared on December 31, 20X4? A) $235,000 B) $210,000 C) $310,000 D) $225,000 Answer: A 44) Based on the information provided, what amount of total stockholders' equity will be reported in the consolidated balance sheet prepared on December 31, 20X4? A) $190,000 B) $335,000 C) $460,000 D) $310,000 Answer: B