Two things:
1) All collisions conserve momentum
2) Elastic collisions also conserve kinetic energy.
So basically the kinetic energy before the collision is the same as the kinetic energy after the collision.
KE = ½mv²
For object A:
KE = ½(7.20 kg)(2.00 m/s)² = 14.4 J
For object B:
KE = ½(5.75 kg)(-1.30 m/s)² = 4.86 J
total kinetic energy = 14.4 J + 4.86 J = 19.3 J