Q7- On January 1, 20X8, Zeta Company acquired 85 percent of Theta Company's common stock for $100,000 cash. The fair value of the noncontrolling interest was determined to be 15 percent of the book value of Theta at that date. What portion of the retained earnings reported in the consolidated balance sheet prepared immediately after the business combination assigned to the noncontrolling interest?

a- None

b- 15 percent

c- 100 percent

d- Cannot be determined

With calculations please