in 1/1/2023, ART co. with owner equity (ordinary shares 1,000,0000, premium 1,500,000 and retained earning 800,000) purchased
80%of SAD co.with owner equity (ordinary shares 300,0000, premium400,000 and retained earning 300,000) by isuing 100,000 of its
2$par and 9 market price. In that date the inventory of SAD was under valued by 30,000, equipment under valued buy 60,000(5 years),
in 31/12/2023 ART income was 350,000 befor recorded any of SAD income and paid 60,000 as dividend and SAD income was 120,000
and paid 30,000 as dividend, consildated retained earning in 31/12/2023 is:
? ?. 1,150,000
? ?. 920,000
OC. 1,152,400
OD. 1,212,400