On 1 July 20X4, Holsworthy acquired 100% of the equity shares of Salcombe. On this date, Holsworthy had retained earnings of 100,000 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 20X4? Select one: a. 120,000 b. 130,000 c. 180,000 d. 125,000 e. 170,000