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can someone help me see if they are correct or if I'm wrong Determining ending consolidated balances in the second year following the acquisition-Cost method

can someone help me see if they are correct or if I'm wrong

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Determining ending consolidated balances in the second year following the acquisition-Cost method Assume a parent company acquired a subsidiary on January 1, 2018, for $1,200,000. The purchase price was $650,000 in excess of the subsidiary's $550,000 book value of Stockholders' Equity on the acquisition date. Of this excess purchase price, $250,000 was assigned to Property, plant and equipment with a remaining economic useful life of 10 years, and $400,000 was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $280,000. 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, 2019, are as follows: Parent Subsidiary Parent Subsidiary Income statement Balance sheet Sales $5,000,000 $1,200,000 Assets Cost of goods sold -3,000,000 -700,000 Cash $800,000 $150,000 Gross profit 2,000,000 500,000 Accounts receivable 1,000,000 340,000 Equity income 40,000 - Inventory 1,600,000 500,000 Operating expenses -1,500,000 -400,000 Equity investment 1,200,000 - Net income $540,000 $100,000 Property, plant & eq 3,000,000 900,000 $7,600,000 $1,890,000 Statement of retained earnings Liabilities and stockholders' equity BOY retained earnings 1,500,000 600,000 Accounts payable $700,000 $140,000 Net income 540,000 100,000 Accrued liabilities 900,000 220,000 Dividends -200,000 -40,000 Long-term liabilities 2,500,000 600,000 Ending retained earning $1,840,000 $660,000 Common stock 500,000 120,000 APIC 1,160,000 150,000 Retained earnings 1,840,000 660,000 $7,600,000 $1,890,000 At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with any of your answers.At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with any of your answers. Sales $6,200,000 Investment income O Operating expenses 1,125,000 Inventories 2,100,000 Equity investment O Property, plant & equipment, net 4,100,000 Goodwill 400000 Common stock 500,000 Retained earnings $2,730,000

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