please show how to solve it

Required Information [The following information applies to the questions displayed below.] On January 1, Jarel acquired 80 percent of the outstanding voting stock of Suarez for $260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition-date fair value of $65,000. On January 1, Suarez possessed equipment (five-year remaining life) that was undervalued on its books by $25,000. Suarez also had developed several secret formulas that Jarel assessed at $50,000. These formulas, although not recorded on Suarez's financial records, were estimated to have a 20-year future life. As of December 31, the financial statements appeared as follows: Jarel $ (300,000) 140,000 20.000 (140,000) $ (308,880) (140, 800) Revenues Cost of goods sold Expenses Net income Retained earnings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash and receivables Inventory Investment in Suarez Equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31 Total liabilities and equities Suarez $(200,000) 80, 900 10,000 $(110,000) $(150,000) (110,000) 9 $(260,800) 90,000 118,000 $ (440,000) 218,989 150.000 268,000 440,989 $ 1.068,888 (420,000) (298, 800) (448,000) $(1,068,880) 300,000 $509,000 $(149,880) [ (100,000) (263,808) $(509,980) Included in the preceding statements, Jarel sold inventory costing $80,000 to Suarez for $100,000. Of these goods. Suarez still owns 60 percent on December 31 What is the consolidated total for inventory at December 31? Multiple Choice O $260.000 $250.000 $248.000 $240.000