Question 1 Not yet answered Marked out of 1.00 Flag question W, Inc. holds 100% of the common stock of C Company, an investment acquired for $680,000. Immediately following the combination, W net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of C net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared Based on the information given above,what will be the amount of net assets reported in the consolidated balance sheet,prepared immediately following the combination? Select one: a. 1,700,000 b. 1,150,000 c. 1,550,000 d. 1,830,000