Account balances for the year ending December 31, 2018, follow. Credit balances are indicated by parentheses. Foxx Revenues Cost of goods sold Depreciation expense Investment income s (800,000) (600,000) 150,000 350,000 100, 000 300,000 (20,0001) s (420,000) (100,000) Net income Retained earnings, 1/1/18 Net income Dividends declared s (1,100,000) (320, 000) (100, 000) 120,00020,000 S (1,400,000) (400,000) 100, 000 (420, 000) Retained earnings, 12/31/18 $ 300,000 Current assets Investment in subsidiary Equipment (net) Buildings (net) Land 600,000 900,000 800,000 600,000 600,000 400,000 100,000 s 1,200,000 3,200,000 S (900,000) Total assets (500, 000) (300,000) Liabilities Common stock Retained earnings (900, 000) (,400,000) (400,000) $ (3,200,000) (1,200, 000) Total liabilities and equity