Consol account

PRT acquired 80% of SUB’s ordinary shares on 1 January 2011 for $1,500,000 when SUB’s retained earnings were $254,000. At 1 January 2011 the carrying value of the net assets of SUB exceeded their fair value by $110,000 and the fair value of the Non- Controlling Interest was $300,000. The remaining useful life of the assets was 11 years from acquisition. SUB has not issued any new shares since acquisition by PRT. SUB is PRT’s only subsidiary. $000 Ordinary share capital 400 , Share premium 26 , Retained earnings 424 The retained earnings of PRT were $2,100,000 at 31 December 2013. What is the amount that PRT should include in its consolidated statement of financial position as at 31 December 2013 for Retained Earnings? A. $2,260,000 B. $2,212,000 C. $2,236,000 D. $2,620,000 Correct answer given $2260,000 Dear tutor, may I know why the answer is not B?