Prior to being united in a business combination, Atkins, Inc., and Waterson Corporation had the following stockholders€™ equity figures:

Atkins issues 51,000 new shares of its common stock valued at $3 per share for all of the outstanding stock of Waterson. Assume that Atkins acquires Waterson. Immediately afterward, what are consolidated Additional Paid-In Capital and Retained Earnings, respectively?
a. $104,000 and $300,000.
b. $110,000 and $410,000.
c. $192,000 and $300,000.
d. $212,000 and$410,000.

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Atkins Common stock ($1 par value) .*.$180,000 Additional paid-in capital.··· Retained earnings.3 Waterson 45,000 20,000 110,000 90,000 300,000