Accounting 1 Flashcards | Quizlet ind Sub Corporations at year-end 20X0 are summarized as follows: Assets Liabilities Capital stock Retained Earnings Parent $4,700 1,500 2,000 1,200 Sub $2,000 500 1,000 500 On January 1, 20x1 Parent purchased 100% of Sub Corporation's outstanding shares for cash of $2,000 when the fair value of Sub's net assets was $2,200. If a consolidated balance sheet is prepared immediately after the business combination, the consolidated stockholders' equity will be: Select one: O a. $3,400 O b. $ 4,700 O c. $ 6,000 O d. $ 3,200