6 Saved Help Save & Exit The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021 8 $ Revenues Cost of goods sold Depreciation expense Investment income Dividends declared Retained earnings, 1/1/21 Current assets Copyrights Royalty agreements Investment in Stanza Liabilities Common stock Additional paid in capital Penske (746,000) 266,100 201,000 Not given 80,000 (670,000) 434,000 984,000 688,000 Not given (546,000) (600,000) ($20 par) (150.000) Stanza $(792,000) 199,000 318,000 0 60,000 (214,000 560,000 537,500 1,130,000 0 (1,517,500) (200,000) ($10 par) (80,000) 0107:40 Paint Note Parentheses indicate a credit balance On January 1 2021. Penske occurred all of Stanza's outstanding stock for $780,000 for value in cash and common stock Penske olso paid $10.000 in stock issuance costs Ar the date of acquisition, copyrights with a six year remaining life) have a $592000 book value but a fair value of $760,000 a. As of December 31, 2021, what is the consolidated copyrights balance