On $1/1/2019$ P Co acquired $75\%$ of S Co's outstanding common stock for cash The fair value of the noncontrolling interest was equal to the proportionate share of the book value of S Co's net assets at the date of acquisition. Selected balance sheet data on January $1,2019,$ are as follows

P S

total assets $252,000108,000$

liabilities $74,00036,000$

common stock $60,00030,000$

retained earning $120,00042,000$

Based on the preceding information, what amount will P Company report as common stock in its consolidated balance sheet on $1/1/2019?$