On January 1, 2011, Pride Co. purchased 90 percent of the outstanding voting shares of Star Inc. for $540,000 cash. The acquisition-date fair value of the noncontrolling interest was $60,000. At January 1, 2011, Stars net assets had a total carrying amount of $420,000. Equipment (8-year remaining life) was undervalued on Stars financial records by $80,000. Any remaining excess fair value over book value was attributed to a customer list developed by Star (4-year remaining life), but not recorded on its books. Star recorded income of $70,000 in 2011 and $80,000 in 2012. Each year since the acquisition, Star has paid a $20,000 dividend. At January 1, 2013, Prides retained earnings show a $250,000 balance. Selected account balances for the two companies from their separate operations were as follows: 8. Assuming that Pride, in its internal records, accounts for its investment in Star using the equity method, what is Prides share of consolidated retained earnings at January 1, 2013? a. $250,000. b. $286,000. c. $315,000. d. $360,000