Corp. acquired one hundred percent (100%) of Jones Inc. on January 1, 20x1, at a price in excess of the subsidiary's fair value. On that date, Parrett's equipment (ten-year life) had a book value of $360,000 but a fair value of $480,000. Jones had equipment (ten-year life) with a book value of $240,000 and a fair value of $350,000. Parrett used the full equity method to record its investment in Jones. On December 31, 20x3, Parrett had equipment with a book value of $250,000 and a fair value of $400,000. Jones had equipment with a book value of $170,000 and a fair value of $320,000. What is the consolidated balance for the Equipment account as of January 1, 20x1 immediately after business combination? Select one: a. $830,000. b. $720,000. c. $710,000. d. $600,000