1.4. On 5/1/X2, Pixco issued shares of its voting common stock in exchange for 60% of Stixco's outstanding common stock as a business combination appropriately accounted for under the purchase method. Both companies have a December 31 year-end. Selected information for each company follows: Net income from own separate operations (exclusive of earnings recorded under either the equity method or the cost method): 4 months ended 4/30/X.. 8 months ended 12/31/X Pixco Stixco ..$2,000,000 $200,000 6,000,000 500,000 $8,000,000 $700,000 Dividends declared: 4 months ended 4/30/X1. 8 months ended 12/31/X.. Parent's recorded amortization of cost in excess of book value for 101.... $900,000 $100,000 2,000,000 300,000 $2,900,000 $400,000 $70,000 What is the parent's net income for 1001 under the equity method? a. $8,230,000 b. $8,350,000 C. $8,410,000 d. $8,480,000 e. None of the above