On January 2, 2018, Dairy corp. purchased 75% of Paint corp.'s outstanding common stock. On that date, the fair value of the 25% noncontrolling interest was 35,000. During year 1, Paint corp. had net income of 20,000. Selected balance sheet data at December 31, 2018, is as follows: Dairy Corp Paint Corp Total assets 420,000 180,000 Liabilities 120,000 60,000 Common stock 100,000 50,000 Retained earnings 200,000 70,000 420,000 180,000 During 2018, Dairy corp. and Paint corp. paid cash dividends of 25,000 and 5,000, respectively, to their shareholders. There were no other intercompany transactions. In its December 31, 2018 consolidated balance sheets, what amount should Dairy corp. report as common stock? a. 50,000 b. 150,000 c. 100,000 d. 137,500