A company acquired all of the common shares of another company on January 1, 20X1. The net assets of the subsidiary company included a building that originally cost $750,000 and had an associated accumulated depreciation balance on the acquisition date of $250,000. The fair value of the building on the acquisition date was $600,000. Thus, the building accounts for a differential of $100,000. The building had a remaining economic life of 10 years from the acquisition date. Depreciation expense reported for 20X1 by the parent was $62,000 and by the subsidiary was $40,000. Calculate the balance of the Depreciation Expense account in the consolidated financial statements at the end of 20X1