The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 20X1, prior to Goodwin's acquisition business combination transaction regarding Corr, follow (in thousands):

On December 31, 2013, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to acquire all of the outstanding shares of that company. Goodwin shares had a fair value of $40 per share.
Goodwin paid $25 to a broker for arranging the transaction. Goodwin paid $35 in stock issuance costs. Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. Compute the consolidated receivables and inventory for 2013.

A.

$1,980.

B.

$2,005.

C.

$2,040.

D.

$2,380.

E.

$2,405.

On December 31, 2013, Goodwin issued $600 in debt and 30 shares of its $10 par value common stock to the owners of Corr to acquire all of the outstanding shares of that company. Goodwin shares had a fair value of $40 per share.
Goodwin paid $25 to a broker for arranging the transaction. Goodwin paid $35 in stock issuance costs. Corr's equipment was actually worth $1,400 but its buildings were only valued at $560. Compute the consolidated retained earnings at December 31, 2013.
 

A. $2,800.

B. $2,825.

C. $2,850.

D. $3,425.

E. $3,450.
 

Goodwin $2,700 Corr $600 Revenues Expenses Net income 1.980 $ 720 400 $200 Retained earnings 1/1 $2,400 $400 Net income 720 200 Dividends Retained earnings, 12/31 (270) $2.850 (0) $600 Cash $ 240 $ 220 Receivables and inventory Buildings (net) Equipment (net) Total assets 1,200 340 2,700 600 2,100 $6.240 1,200 $2.360 Liabilities $1,500 $ 820 Common stock 1,080 400 Additional paid-in capital Retained earnings Total liabilities & stockholders' equity 810 540 2.850 $6,240 600 $2.360