Plexis Corporation Holds 70 Percent of Solar Company's Voting Common

Plexis Corporation holds 70 percent of Solar Company's voting common shares,acquired at book value,but none of its preferred shares.At the date of acquisition,the fair value of the noncontrolling interest was equal to 30 percent of the book value of Solar Company.Summary balance sheets for the companies on December 31,20X5,are as follows:
Neither of the preferred issues is convertible.Plexis's preferred pays a 9 percent annual dividend,and Solar's preferred pays a 10 percent dividend.Solar reported net income of $40,000 and paid a total of $15,000 of dividends in 20X5.Plexis reported income from its separate operations of $80,000 and paid total dividends of $45,000 in 20X5.
-Based on the preceding information,what is the amount of earnings available to common shareholders reported in the consolidated financial statements for the year?

A) $101,800
B) $104,500
C) $112,300
D) $115,000