Company A acquired 140,000 shares in Company B for 400,000$ on 1 January 20x0 when company B retained earnings were 62,000$ and the fair valuation of its non-current assets $80,000 more than the book value. Based on fair value Company B should have written off additional depreciation of 6,000$ per year.

	Company A $	Company B $
Assets	490,000	350,000
Investment in Company B	400,000
	890,000	350,000
Shares of 1$ each	680,000	200,000
Retained earnings	210,000	150,000
	890,000	350,000

Identify the amount that the retained earnings will be reported at the Consolidated statement of Financial positions as at 31 December 20x3?

A) 267,400$

B) 254,800$

C) 271,600$

D) none of these