On May 31, 2020, the current fair values and carrying amounts of Subsidiarys assets and liabilities were equal. Assume that current liabilities amount of the parent company and its subsidiary were $ 350,000 and $ 180,000 respectively. In a consolidated balance sheet of the parent and its subsidiary liabilities amount to be recorded as:

a.

$530,000.

b.

$180,000.

c.

$170,000.

d.

$350,000.