Determining ending consolidated balances in the second year following the acquisition-Cost method Assume a parent company acquired a subsidiary on January 1, 2015, for $2,236,000. The purchase price was $1,116,200 in excess of the subsidiary's $1,119,800 book value of Stockholders' Equity on the acquisition date. Of this excess purchase price, $652,000 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: Subsidiary Income statement Sales Cost of goods sold Gross profit Parent Balance sheet $8,318,750 $1,910,000 Assets (5,989,500) (1,089,000) Cash 2,329,250 821,000 Accounts receivable 37,400 (1,247,840) Inventory (566,900) Equity investment $254,100 Property, plant & equipment, net Equity income Operating expenses Net income $1,118,810 Statement of retained earnings BOY retained earnings 5,801,070 Net income 1,118,810 (262,570) 937,750 Liabilities and stockholders' equity 254,100 Accounts payable (37,400) Accrued liabilities Ending retained earnings $6,657,310 $1,154,450 Long-term liabilities Common stock APIC Retained earnings Dividends Parent Subsidiary $1,567,280 $468,600 2,462,900 421,300 3,526,850 540,650 2,236,000 17,189,920 1,000,450 $26,982,950 $2,431,000 $1,217,920 $173,030 1,447,270 226,270 10,587,500 605,000 1,075,060 121,000 5,997,890 151,250 6,657,310 1,154,450 $26,982,950 $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 $ b. Investment income $ c. Operating expenses $ d. Inventories $ e. Equity investment $ f. Property, plant & equipment, net $ g. Goodwill $ h. Common stock $ i. Retained earnings $