Jarrod owns 75% of Masda and consolidates Masda. As of December 31, 20X3 Jarrod holds inventory with a carrying value of $450,500 and Additional Paid in Capital (APIC) of $5,000,400. At the same date Masda holds inventory with a carrying value of $520,300 and APIC of $1,200,000. None of the inventory held was purchased from the other entity. No unamortized step up/step down related to inventory remains from the acquisition. In the consolidated financial statements of Jarrod, what are the consolidated inventory and APIC balances?

Select one:

a.$970,800 and $6,200,400

b.$840,725 and $5,000,400

c.$840,725 and $6,200,400

d.$970,800 and $5,000,400

e.$840,725 and $5,900,400