d. $180,000 What amount of inventory would be added to the parent's invertory balance to get consolidated inventory at date of acquisition? a. $-0- b. $480,000 c. $540,000 d. $ 60,000 What amount of Santiago's stockholders' equity will be included in the consolidated balance sheet at date of acquisition? a $ -O- b. $1,860,000 c. $1,933,000 d. $ 960,000 What amount of Santiago's land would be included on the consolidated balance sheet a December 31, 2017? a. $540,000 b. $780,000 c. $240,000 d. $732,000 Page 1 of 5 NAME ALLUU CASE 2 D in class Appendix 1 on January 1, 2018, 122, y acquires 100% of the stock of Santiago Corporation Lopez Company acquires 100% of the sto date Santiago had the following account balances: Cash Accounts receivable Inventory Building-net (10 year life) Equipment-net (5 year life) Book Value $220,000 360,000 480,000 900,000 600,000 540,000 240,000 1.000.000 600,000 360,000 900,000 750500 TH Land (Due 12131119) 200.000 1.020.000 Accounts Payable Bonds Payable ($500,000 face value) Common stock Additional paid-in capital Retained earnings income of $100,000 and 108,000, respectively. In addition, Santiago paid vidends di In 2016 and 2017, Santiago had net income of $100,000 and 108,000.re $27,000 in both years. Inventory is assumed to be sold in 2016