Wellington Company Purchased 100% of the Ordinary Shares of Royal

Wellington Company purchased 100% of the ordinary shares of Royal Company on December 31, 2014. The cost of the investment was equal to the book value of the subsidiary's net assets. Selected account balances from the separate statements of financial position of Wellington and Royal on December 31, 2014 are as follows: The amount of equity reported on the consolidation statement of financial position at December 31, 2014 is

A) £13,210,000.
B) £16,580,000.
C) £23,690,000.
D) cannot be determined from the information given.