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Assume a parent company acquired a subsidiary on January 1 , 2 XX 1 , for $ 2 , 5 2 0 , 0 0

Assume a parent company acquired a subsidiary on January 1,2XX1, for $2,520,000. The purchase price was $1,512,000 in excess of the subsidiarys $1,008,000 book value of Stockholders Equity on the acquisition date. Of this excess purchase price, $672,000 was assigned to Property, plant and equipment with a remaining economic useful life of 16 years, $504,000 was assigned to an unrecorded patent with a remaining economic useful life of 6 years. Any remaining excess was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $604,800. The parent uses the cost method of pre-consolidation Equity investment bookkeeping.
The financial statements of the parent and its subsidiary for the year ended December 31,2XX4, are as follows:The financial statements of the parent and its subsidiary for the year ended December 31,24, are as follows:
At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with your answers.
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