Immediately after the acquisition of 60% ownership of Soup Company by Pea Company, the separate condensed balance sheets of the two companies are as follows: Pea Soup Company Company Other identifiable assets $750,000 $320,000 Investment in Soup Company 187,500 0 Total assets $937,500 $320,000 Liabilities $250,000 $ 70,000 Common stock 450,000 200,000 Retained earnings 237,500 50,000 Total liabs. and equity $937,500 $320,000 The carrying amounts of Soup's identifiable assets acquired and liabilities assumed equal their fair values. Moreover, the entities had no transactions prior to the acquisition, the effects of which need to be eliminated in the consolidation. Pea held no previous interest in Soup, and the fair value of the noncontrolling interest (NCI) is 40% of the implied fair value of Soup. Thus, a consolidated balance sheet immediately after acquisition must report total assets of A. $1,257,500 B. $1,129,500 C. $1,070,000 D. $1,132,500