Top Corporation acquired 100% of Sun Corporations common stock on December 31,20x2. Balance sheet data for the two companies immediately following the acquisition

TOP SUN

Cash $ 49,000 $ 30,000

Accounts Receivable 110,000 45,000

Inventory 130,000 70,000

Land 80,000 25,000

Buildings & Equipment 277,000 235,000

Investment in Sun Corporation 198,000

Total Assets $844,000 $405,000

Accounts Payable $ 61,500 $ 28,000

Taxes Payable 95,000 37,000

Bonds Payable 280,000 200,000

Common Stock 150,000 50,000

Retained Earnings 257,500 90,000

Total $844,000 $405,000

At the date of the business combination, the book values of Suns net assets and liabilities approximated fair value except for inventory, which had a fair value$ 85,000 and land, which had a fair value of total stockholders equity$45,000 .For each question. indicate the total stockholders equity that should appear in the consolidated balance sheet prepared immediately after the business combination?

Select one:

a. 1,249,000

b. 547,500

c. 407,500

d. 844,000