On January 3, 20X9, Jane Company acquired 75 percent of Miller Company's outstanding common stock for cash. The fair value of the non-controlling interest was equal to a proportionate share of the book value of Miller Company's net assets at the date of acquisition. Selected balance sheet data at December 31, 20X9, are as follows: Jane Miller Total Assets $504,000 $216,000 Liabilities $144,000 $72,000 Common Stock 120,000 60,000 Retained Earnings 240,000 84,000 $504,000 $216,000
a)$90,000
b)$54,000
c)$36,000
d)$0