December 31, 2018, adjusted trial balances for the two companies follow: Current assets .......................... Land ................................. Buildings .............................. Equipment ............................ Investment in Appaloosa, Inc ................. Notes payable .......................... Common stock ......................... Retained earnings, 1f 11' 18 ................. Dividends paid ......................... Revenues ............................. Cost of goods sold ...................... Depreciation expense .................... Interest expense ........................ Investment income ...................... You 35 440,000 $ 320,000 $ 4?5,000 $ 624,000 Not given $ (520,000) $ (780,000) $ (1,353,000) $ 200,000 $ (1,200,000) $ 790,000 $ 240,000 $ 89,000 Not given Appaloosa $ 225,000 $ 80,000 $ 290,000 $175,000 0 $ (200,000) $( 180,000) $ (340,000) $ 70,000 $ (320,000) $ 110,000 $ 60,000 $ 30,000 0