Excitable Co acquired 60% of Happy Co several years ago when Happy Co's retained earnings were $45,000. An extract of the individual company statements of financial position at 31 December 20X9 shows: Excitable Co (S) 275.000 Happy Co 215,000 Retained earnings During the year, Happy Co sold goods to Excitable Co for $130,000 making a gross profit margin of 15% on the sale. Exciable Co had sold one quarte d these goods by he year end What is the value of the consolidated retained earnings at 31 December 20X9? O $374,075 O $395.225 Acres Code 32-2158 0 $368.225 O $362,375