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A. $1,352,000 B. $1,372,000 C. $1,478,000 D. $1,934,000 December 31, 2017 Patrick 74,000 130,000 86,000 626,000 56,000 Se Cash Accounts receivable (net) Inventories Plant and
A. $1,352,000
B. $1,372,000
C. $1,478,000
D. $1,934,000
December 31, 2017 Patrick 74,000 130,000 86,000 626,000 56,000 Se Cash Accounts receivable (net) Inventories Plant and equipment (net) Investment in Sean Total assets 76,000 38,000 54,000 274,000 Accounts payable Long-term debt Common stock ($10 par) Additional paid-in capital Retained earnings Total liabilities and shareholders $1,372, 000 442,000 80,000 26,000 46,000 12,000 762,000 278,000 178,000 110,000 22,000 $1,372,000 442,000 equity Additional Information: . On December 31, 2017, Patrick acquired 100 percent of Sean's voting stock in exchange for $456,000. . At the acquisition date, the fair values of Sean's assets and liabilities equaled their carrying amounts, respectively except that the fair value of certain items in Sean's inventory were $24,000 more than their carrying amounts In the December 31, 2017, consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported
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