Phantom Co acquired70%of the $100,000 equity share capital of Ghost Co, its only subsidiary, for $200,000 on 1 January 20X9 when the retained earnings of Ghost Co were $156,000.At 31 December 20X9 retained earnings are as follows:$Phantom Co 275,000Ghost Co 177,000Phantom Co considers that goodwill on acquisition is impaired by 50%. Non-controlling interest ismeasured at fair value, estimated at $82,800.Using the drop down box, select what are group retained earnings at 31 December 20X9?