Phantom acquired 70% of the $100,000 equity share capital of Ghost, its only subsidiary, for $200,000 on 1
January 20X9 when the retained earnings of Ghost were $156,000.
At 31 December 20X9 retained earnings are as follows.
Phantom considers that goodwill on acquisition is impaired by 50%. Non-controlling interest is measured at
fair value, estimated at $82,800.
What are group retained earnings at 31 December 20X9?