Tin Co acquired 90% of the equ

Tin Co acquired 90% of the equity share capital of Drum Co on 1 April 20X3. The following information relates to the financial year to 31 December 20X3 for each company. Tin Co $’000 Drum Co $’000 Retained earnings at 1 January 20X3 840 170 Profit for the year 70 60 Retained earnings at 31 December 20X3 910 230 Neither company paid any dividends during the year What profit is attributable to the parent company in the consolidated statement of profit or loss of the Tin Group for the year to 31 December 20x3?
A、$83,500
B、$110,500
C、$115,000
D、$124,000