give correct answers of both in 30 mins i will give thumb up

2. P acquired 75% shares of S on Jan 1,2018 for $150,000. On that date S reported a common stock of $100,000 and retained earnings of $30,000. All assets of S have fair values equal to the book values. During 2018 , S reported a net income of $80,000 and paid dividend of $20,000. On Dec 31,2018, in the Consolidation Entry to close the common stock and retained earnings of the subsidiary, the retained earnings account will be debited with how much amount? Hint: Here you need to calculate the ending balance of retained earnings S. a. $120,000 b. $60,000 c. $90,000 d. $116,000 3. P acquired 75% shares of S on Jan 1,2018 for $300,000. On that date S reported common stock of $250,000 and retained earnings of $150,000. All assets of S have fair values equal to the book values. On the date of acquisition, what amount of non-controlling interest will be reported in the consolidated balance sheet? a. $50,000 b. $0 c. $60,000 d. $100,000