Hepner Corporation has the following stockholders' equity accounts: Preferred stock (6% cumulative dividend) . . . .

Question:

Hepner has the following stockholders' equity accounts:
Preferred stock (6% cumulative dividend) . . . . . . . . . $500,000
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750,000
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . 300,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 950,000
The preferred stock is participating. Wasatch buys 80 percent of this for $1,600,000 and 70 percent of the preferred stock for $630,000. The acquisition-date fair value of the noncontrolling interest in the common shares was $400,000 and was $270,000 for the preferred shares. All of the subsidiary's assets and liabilities are viewed as having fair values equal to their book values. What amount is attributed to on the date of acquisition?
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