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 $2,186,000. The purchase price was $1,066,200 in excess of the subsidiary's $1,119,800 book value of Stockholders' Equity on the acquisition date. Of this excess purchase price, $602,000 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 $1,900,000 Assets Cost of goods sold (5,989,500) (1,089,000) Cash $1,567,280 $468,600 Gross profit 2.329,250 811,000 Accounts receivable 2,462,900 421,300 Equity income 37,400 Inventory 3,476,850 540,650 Operating expenses (1,247,840) (556,900) Equity investment 2,186,000 Net income $1,118,810 $254.100 Property, plant & equipment 17,189,920 1,000,450 Statement of retained earnings $26,882,950 $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 1,025,060 121,000 APIC 5,947,890 151,250 Retained earnings 6,657,310 1,154,450 $26,882,950 $2,431,000 0 0 0 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 $ $ $ $ 0 0 0 0 $ $ $ 0 0