Which of the following best describes the steps in directly calculating consolidated retained earnings (R/E)? Question 4 options: a) Calculate opening consolidated R/E, consolidated net income, and then consolidated ending R/E. b) Add together the ending R/E of the parent and subsidiary and then apply consolidation adjustments. c) Calculate opening consolidated R/E and add the net income of both the parent and subsidiary. d) Add together opening R/E of the parent and subsidiary to the net income of the parent and subsidiary