Immediately after the acquisition of 60% ownership of Soup Company by Pea Company, the separate condensed balance sheets of the two companies are as follows:

PeaSoupCompanyCompanyOther identifiable assets$750,000$320,000Investment in Soup Company187,5000Total assets$937,500$320,000Liabilities$250,000$ 70,000Common stock450,000200,000Retained earnings237,50050,000Total liabs. and equity$937,500$320,000

The carrying amounts of Soups identifiable assets acquired and liabilities assumed equal their fair values. Moreover, the entities had no transactions prior to the acquisition, the effects of which need to be eliminated in the consolidation. Pea held no previous interest in Soup, and the fair value of the noncontrolling interest (NCI) is 40% of the implied fair value of Soup. Thus, a consolidated balance sheet immediately after acquisition must report total assets of

A.$1,257,500

B.$1,129,500

C.$1,070,000

D.$1,132,500