Ceafoam Corporation acquired 80 percent of Trump Corporations common stock on March 31, 20X4 for $360,000. At that date, the fair value of the noncontrolling interest was $90,000. On January 1, 20X4, Trump reported the following stockholders equity balances:

Common Stock ($10 par value) $150,000 Additional Paid-In Capital 75,000 Retained Earnings 200,000 Total Stockholders Equity $425,000

Trump reported net income of $100,000 in 20X4, earned uniformly throughout the year, and declared and paid dividends of $40,000 on December 31, 20X4. Ceafoam reported retained earnings of $500,000 on January 1, 20X4, and had 20X4 income of $200,000 from its separate operations. Ceafoam paid dividends of $50,000 on December 31, 20X4. Ceafoam accounts for its investment in Trump Corporation using the fully adjusted equity method.

Based on the information provided, what is the amount of consolidated retained earnings as of December 31, 20x4?

A. 500,000 B. 710,000 C. 760,000 D. 725,000