Cheers Acquired 100% of Tapp's Shares for $150,000

Multiple Choice

Cheers acquired 100% of Tapp's shares for $150,000.On the acquisition date,the fair value of the current assets and the net capital assets were $104,000 and $216,000 respectively.The fair value of the liabilities equalled their book value.On Cheers' consolidated statement of financial position,what is the total of its shareholders' equity?

A) $92,000
B) $392,000
C) $484,000
D) $542,000