Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker. What will be the consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction?

a. $60,000 and $250,000

b. $524,000 and $420,000

c. $524,000 and $250,000

d. $380,000 and $250,000

e. $60,000 and $490,000