On 1 July 20x4, Holsworthy acquired 100% of the equity shares of Salcombe. On this date. Holsworthy had retained earnings of E100,000 and Salcombe had retained earnings of 50,000 On 31 December 20X4, Holsworthy had retained earnings of 120,000 and Salcombe had retained earnings of 60,000. What would be the amount of retained earnings in the consolidated statement of financial position of Holsworthy as at 31 December 20x47 Select one O a 120,000 Ob130,000 180,000 d. 125,000 170,000