art 4 of 4 S Required information [The following information applies to the questions displayed below) On July 1, TruData Company issues 12,800 shares of its common stock with a $5 por value and a $35 for value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) TruData Webstat Book Values Book Values $ (314,600) $ (154,000) 70,000 (150,000) Webstat Fair Values 00:14:06 Retained earnings, 1/1 166,000 (120,000) Cash and receivables 196,000 62,000 $ 62,000 Inventory 180,000 148,000 180,000 Patented technology (net) 246,000 194,000 202,000 Land 416,000 206,000 228,000 Buildings and equipment (net) 80,000 80,000 30,000 Liabilities (534,000) (360,000) (340,000) Common stock (306,000) (66,000) Additional paid-in capital (9,400) (30,000) On its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1? Multiple Choice