Adv.Fin acct

On January 1, 2016, PAR Inc. purchased 65% of the shares of SUB Co. for $8,000 when retained earnings of SUB was $9,500. The investment is recorded at cost by PAR and the FVE method was used to value goodwill. At the date of the acquisition, trademarks with a fair value of $500 were identified that were not recorded on the books of SUB. Also, the building was valued at $200 higher than book value. The trademarks had a remaining useful life of 8 years, and the building had a remaining useful life of 40 years, at that time. PAR booked a goodwill impairment loss on goodwill resulting from the SUB acquisition of $136 in 2019. During 2020, PAR Inc. reported income of $800 and Sub Co. $570. Dividends of $100 were paid by Sub to PAR. At December 31, 2020, the entity retained earnings of PAR Inc. is $16,500 and SUB Co. is $10,700. At the end of 2019, PAR had $190 of inventory still on its books that was puchased from SUB (cost $145). At the end of 2020, PAR had $115 of inventory still on its books that was puchased from SUB (cost $70). Taxes are 30%. Required: Show and label calculations. Calculate consolidated ending retained earnings reported on PAR Inc.'s Dec 31, 2020 balance sheet