Determining ending consolidated balances in the second year following the acquisition-Equity method Assume a parent company acquired a subsidiary on January 1, 2018. The purchase price was $760,000 in excess of the subsidiary Original Original Useful Life [A] Asset Amount (years) Property, plant and equipment (PPE). net $360,000 12 Goodwill 400.000 Indefinite $760,000 The AAP asset relating to undervalued PPE with a 12-year useful life has been depreciated as part of the parent's equity method ac Parent Subsidiary Parent Subsidiary Income statement: Balance sheet: Sales $6.000.000 $1.500.000 Assets Cost of goods sold (3.500,000) (900,000) Cash 5727,000 5386.000 Gross profit 2.500.000 600.000 Accounts receivable 1.000.000 348.000 Equity income 170,000 Inventory 1.600.000 442.000 Operating expenses (1.000.000 (400.000) Equity investment 1,073.000 Net Income 51.670,000 $200,000 Property, plant and equipment (PPE) net 4.800.000 824.000 $10,000,000 $2.000.000 Statement of retained earnings: BOY retained earnings 51,000,000 $780,000 abilities and stockholders' equity Net income 1.670,000 200.000 Accounts payable 5900.000 5140.000 Dividends 1210.000) 32,000) Accrued abilities 1.200.000 187,000 $2.460.000 Ending retained earrings 5948.000 Long-term liabilities 2.800.000 500,000 Common stock 640.000 100.000 APIC 2.000.000 125.000 Retained earnings 2.460.000 948.000 $10,000,000 $2,000,000 At what amount will the following accounts appear on the consolidated financial statements? Note: Do not use negative signs with your answers. a. Sales b. Equity income $ . d D G