On 1/1/2019 J Co acquired 75% of M Co outstanding common stock for cash The fair value of the non controlling interest was equal to proportionate share of the book value of M Co net assets at the date of acquisition. Selected balance sheet data at January, 1 2019, are as follows J M 252,000 total assets 108,000 74,000 liabilities 36,000 60,000 common stock 30,000 retained earning 120,000 42,000 Based on the preceding information, what amount will J Company report as common stock outstanding in its consolidated balance sheet at 1/1/2019? Select one: a. 123,000 b. 78,000 c. 60,000 d. 90,000