Print Inc. acquired 100% of Same Co. in a business combination on September 30, 2019. During 2019, Print declared quarterly dividends of Php25,000 and Same declared quarterly dividends, of Php10,000. Under the purchase method of accounting for the business combination, what amount should be reported as dividends declared in the December 31,2019 consolidated statement of retained earnings?

a.100,000

b.105,000

c.130,000

d.140,000