Assume a parent company acquired $80\%$ of the outstanding voting common stock of a subsidiary on January $1,2021.$ On the acquisition date, the

identifiable net assets of the subsidiary had fair values that approximated their recorded book values except for a patent, which had a fair value of

$$260,000$ and no recorded book value. On the date of acquisition, the patent had five years of remaining useful life and the parent company

amortizes its intangible assets using straight line amortization. During the year ended December $31,2022,$ the subsidiary recorded sales to the

parent in the amount of $$312,000$ On these sales, the subsidiary recorded pre$-$consolidation gross profits equal to $25\%.$ Approximately $30\%$ of this

merchandise remains in the parent's inventory at December $31,2022.$ The following summarized pre$-$consolidation financial statements are for the

parent and the subsidiary for the year ended December $31,2022$:

Based on this information, determine the balance for Current Assets:

Select one:

a$.$ $$2,262,000$

b$.$ $$2,340,000$

c$.$ $$2,363,400$

d$.$ $$2,316,600$