Determining ending consolidated balances in the third year following the acquisition-Cost method Assume a parent company acquired a subsidiary on January 1, 2017, for $1,250,000. The purchase price was $900,000 in excess of the subsidiary's $350,000 book value of Stockholders' Equity on the acquisition date. Of this excess purchase price, $650,000 was assigned to Property, plant and equipment with a remaining economic useful life of 10 years, and $250,000 was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $80,000. The parent uses Investment cost method of pre-consolidation Equity investment bookkeeping. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows: Parent Subsidiary Income statement: Sales Cost of goods sold Gross profit Investment income Operating expenses Net income Parent Subsidiary Balance sheet: $2,400,000 $1,050,000 Assets (1,300,000) (590,000) Cash 1,100,000 460,000 Accounts receivable 50,000 Inventory (600,000) (290,000) Equity investment $550,000 $170,000 Property, plant and equipment (PPE), net $850,000 $150,000 1,500,000 240,000 2,400,000 570,000 1,250,000 4,000,000 1,000,000 $10,000,000 $1,960,000 Statement of retained earnings: BOY retained earnings Net income Dividends Ending retained earnings $1,500,000 550,000 (250,000) $1,800,000 $ 500,000 Liabilities and stockholders' equity 170,000 Accounts payable (50,000) Accrued liabilities $ 620,000 Long-term liabilities Common stock $1,000,000 $170,000 800,000 200,000 3,000,000 700,000 500,000 120,000 2,900,000 150,000 1,800,000 620,000 $10,000,000 $1,960,000 APIC Retained earnings At what amount will the following accounts appear in the consolidated financial statements for the year ended December 31, 2019? Amount Account a. Sales b. Investment Income $ c. Operating expenses $ d. Inventories $ e. Equity investment $ f. PPE, net $ g. Goodwill $ h. Common Stock $ i. Retained Earnings $