Treadway Corporation acquires Hooker, Inc. The parent pays more for it than the fair value of the subsidiary’s net assets. On the acquisition date, Treadway has equipment with a book value of \($420,000\) and a fair value of \($530,000.\) Hooker has equipment with a book value of \($330,000\) and a fair value of \($390,000.\) Hooker is going to use push-down accounting. Immediately after the acquisition, what amounts in the Equipment account appear on Hooker’s separate balance sheet and on the consolidated balance sheet?

a. \($330,000\) and \($750,000\).

b. \($330,000\) and \($860,000\).

c. \($390,000\) and \($810,000\).

d. \($390,000\) and \($920,000\).