Required information (The following information applies to the questions displayed below.] On July 1, TruData Company issues 10,000 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of Webstat Company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for TruData's accounts. Webstat Fair Values $ Revenues (1/1 to 7/1) Expenses (1/1 to 7/1) Retained earnings, 1/1 Cash and receivables Inventory Patented technology (net) Land Buildings and equipment (net) Liabilities Common stock Additional paid-in capital Trubata Webstat Book Values Book Values $ (250,000) $ (130,000) 170,000 80,000 (130,000) (150,000) 140,000 60,000 190,000 145,000 230,000 180,000 400,000 200,000 100,000 75,000 (540,000) (360,000) (300,000) (70,000) (10,000) (30,000) 60,000 175,000 200,000 225,000 75,000 (350,000) its acquisition-date consolidated balance sheet, what amount should TruData report as retained earnings as of July 1? Multiple Choice 4 Naut