ABC inc purchased all of Johnsons common stock for $3,010,000 cash on January 1. When analyzing the purchase price, ABC inc determined that the other assets of Johnson were undervalued by $528,000 and that the company had an unrecorded liability of $200,000 related to ongoing litigation. Any excess purchase price was for goodwill. Use the following table to consolidate the balance sheets of the two companies as of the acquisition date.

	ABC	Johnson	Consolidating adjustments	Consolidated Balance sheet
Investment in Johnson	$3,010,000
Other assets	$5,130,000	$2,044,000
Goodwill
Total Assets	$8,140,000	$2,044,000
Liabilities	$3,384,000	$972,000
Common Stock	1,710,000	450,000
Retained Earnings	3,046,000	622,000
Total Liabilities & Stockholders equity	$8,140,000	$2,044,000