Check my work Assume that Bold Software acquired Torque Technologies at the end of 2017. This acquisition was accomplished by paying a total of $700,000 in cash to acquire all 25 thousand shares of Torque's outstanding common stock from Torque's shareholders. This purchase price of $28 per share represented a 40% premium over Torque's share price immediately prior to the acquisition Below is information on the fair market value (at the time of the acquisition) and historical cost (at listed on Torque's pre- acquisition balance sheet) for all of the separately identifiable assets and liabilities acquired from Torque: Historical Cost (on Torque's Account Name Fair Market Value Pre-Acquisition Balance Sheet) Inventory $ 10,000 $ 8.000 Intangible Assets $ 350,000 SO Property, Plant, and Equipment $ 100,000 $ 85,000 Current Liabilities $ 20,000 $ 20,000 Notes Payable $ 150,000 $ 150,000 Suppose that Bold had a total of $2,000,000 in assets prior to their acquisition of Torque. Calculate the total assets that would be reported by Bold after correctly recording their purchase of Torque. Numeric Response