000 Determining ending consolidated balances in the second year following the acquisition-Cost method Assume a parent company acquired a subsidiary on January 1, 2018 for $1,200,000. The purchase price was 5650,000 in excess of the subsidiarys 550.000 book value of Stackholders' Equity in the action date of this excess purchase price, 5250,000 was assigned to Property, plant and equipment with a remaining economic useful for 10 years, and $400,000 wat assigned to Goodwill on the acquisition date, the subsidiary reported retained earnings equal to 1280,000. The parent uses the cost method of pre-consolidation Equity investment bookkeeping. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follow Parent Subsidiary Parent Subsidiary income Matement Balance sheet $5.000.000 1.200.000 Cost of oosold 0.000.000.000.000 SH00 Grosso 2.000.000 500.000 Account 1.000.000 000 00000 Opting expenses 1.500.000 (400.000 yinen 10000 550.000 $100.00 Party blant Statement of retained earnings 0000010000 Ondeaming 500.000 0.000 banduty Nome 510.000 100.000 1000 11 dende 0300 40.000) Accredit 220.000 neretained was S. 1660.000 Lange 2.X Wood 120.000 ARC 150.000 dem 100 40.000 1.000.000.000 Conso 00 0.000 $ At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with any of your answers. a Sales $ 6,200,000 b. Investment income 75,000 X c. Operating expenses 1.125,000 X d. Inventories 2,100,000 e Equity investment 1.160,000 x f. Property, plant & equipment, net $ 39,200,000 x 8. Goodwill $ 400,000 h. Common stock $ 500,000 1 Retained earnings $ 2,700,000 x $ $ $ Determining ending consolidated balances in the second year following the acquisition-Cost method Assume a parent company acquired a subsidiary on January 1, 2018 for $1.200,000. The purchase price was $650.000 in excess of the subsidiary's 5550.000 book value of Stockholders fully on the acquisition date of this excess purchase price $250.000 was assigned to Property, plant and equipment with a remaining economic useful le of 10 years, and $400,000 was assigned to Goodwill on the acquisition date, the subsidiary reported retained earnings equal to $280,000. The parent uses the cost method of pre-consolidation Equity investment boodeping. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows: the acquisition date of this excess purchase price, $250,000 was assigned to Property, plant and equipment wi Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $280,000. The parent use financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows: Parent Subsidiary Parent Subsidiary Income statement Balance sheet Sales $5,000,000 $1,200,000 Assets Cost of goods sold (3,000,000) (700,000) Cash $800,000 $150,000 Gross profit 2,000,000 500,000 Accounts receivable 1,000,000 340,000 Equity income 40,000 Inventory 1,600,000 500,000 Operating expenses (1,500,000) (400,000) Equity investment 1,200,000 Net Income $540,000 $100,000 Property, plant & equipment 3,000,000 900,000 Statement of retained earnings $7,600,000 $1,890,000 BOY retained earnings 1,500,000 600,000 Liabilities and stockholders' equity Net income 540,000 100,000 Accounts payable $700,000 $140,000 Dividends (200,000) (40,000) Accrued liabilities 900,000 220,000 Ending retained earnings $1,840,000 5660,000 Long-term liabilities 2,500,000 600,000 Common stock 500,000 120,000 APIC 1,160,000 150.000 Retained earnings 1.840,000 660,000 $7,600,000 $1,890,000 At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with any of your answers