Questions Note 8 P Mdet of 15 o question 22 29 On1/1/2019, PCo purchased 100% of the stock of S Co. Separate balance sheet data for the companies at the acquisition date (after the acquisition) are given below: S Cash 34,000 206,000 A/R 144,000 26,000 Inventory 132,000 38,000 Land 68,000 32,000 Plant assets 460,000 240,000 Investment in S 392,000 Accounts payable 206,000 142,000 Capital stock 700,000 300,000 Retained earnings 324,000 100,000 Total liabilities & equities 1,230,000 542.000 At the date of the acquisition, the book values of S net assets were equal to the fair value except for inventory, which had a fair value of $60,000. What is the amount of Retained Earnings in Consolidated balance sheet? Finist Time ( Select one: 3. 304,000 b. 224,000 C. 259,200 d. 324.000