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Q6- Company P purchased 70% stock in Company S on Jan 1, 20X1 for $80,000 cash. Just before acquisition, the cash balance of P was

Q6- Company P purchased 70% stock in Company S on Jan 1, 20X1 for $80,000 cash. Just before acquisition, the cash balance of P was $150,000 and the cash balance of Company S was $40,000. In the consolidated balance sheet after the acquisition, the cash balance will be reported at:

a- $90.000

b- $160,000

c- $110,000

d- $50.000

With calculation please

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