Determining ending consolidated balances in the second year following the acquisitionCost method Assume a parent company acquired a subsidiary on January 1, 2015, for $2,086,000. The purchase price was $966,200 in excess of the subsidiarys $1,119,800 book value of Stockholders Equity on the acquisition date. Of this excess purchase price, $502,000 was assigned to Property, plant and equipment with a remaining economic useful life of 10 years, and $464,200 was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $847,550. 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, 2016, are as follows:

	Parent	Subsidiary			Parent	Subsidiary
Income statement				Balance sheet
Sales	$8,318,750	$1,890,000		Assets
Cost of goods sold	(5,989,500)	(1,089,000)		Cash	$1,567,280	$468,600
Gross profit	2,329,250	801,000		Accounts receivable	2,462,900	421,300
Equity income	37,400	-		Inventory	3,376,850	540,650
Operating expenses	(1,247,840)	(546,900)		Equity investment	2,086,000	-
Net income	$1,118,810	$254,100		Property, plant & equipment	17,189,920	1,000,450
Statement of retained earnings					$26,682,950	$2,431,000
BOY retained earnings	5,801,070	937,750		Liabilities and stockholders' equity
Net income	1,118,810	254,100		Accounts payable	$1,217,920	$173,030
Dividends	(262,570)	(37,400)		Accrued liabilities	1,447,270	226,270
Ending retained earnings	$6,657,310	$1,154,450		Long-term liabilities	10,587,500	605,000
				Common stock	925,060	121,000
				APIC	5,847,890	151,250
				Retained earnings	6,657,310	1,154,450
					$26,682,950	$2,431,000

At what amount will the following accounts appear on the consolidated financial statements?

Do not use negative signs with any of your answers.

a.	Sales	Answer
b.	Investment income	Answer
c.	Operating expenses	Answer
d.	Inventories	Answer
e.	Equity investment	Answer
f.	Property, plant & equipment, net	Answer
g.	Goodwill	Answer
h.	Common stock	Answer
i.	Retained earnings	Answer