For the following questions use the information below:

On January 1, 20X9, Pretty Corporation purchased 75% of the common stock of Slick Corporation. Separate balance sheet data for the companies at the combination date are given below:

At the date of combination the book values of Slicks net assets was equal to the fair value of the net assets except for Slicks inventory which has a fair value of $30,000. Indicate in each of the questions what the consolidated balance would be for the requested account.

What is the amount of consolidated retained earnings?

What is the amount of consolidated total assets?