Determining ending consolidated balances in the third year following the acquisition-Equity method Assume that your company acquired a subsidiary on January 1, 2020. The purchase price was $1,280,000 in excess of the subsidiary's book value of Stockholders' Equity on the acquisition date, and that excess was assigned to the following [A] assets: Original Original [A] Asset Amount Patent Goodwill Useful Life $800,000 10 years Indefinite 480,000 $1,280,000 The [A] assets with a useful life have been amortized as part of the parent's equity method accounting. The financial statements of the parent and its subsidiary for the year ended December 31, 2022, are as follows: Parent Subsidiary Balance sheet: Income statement: Sales Cost of goods sold Gross profit $4,800,000 $1,440,000 Assets (3,200,000) (800,000) Cash 1,600,000 Equity income Operating expenses Net income Statement of retained earnings: 240,000 (720,000) 640,000 Accounts receivable Inventory (320,000) Equity investment $1,120,000 $320,000 Property, plant and equipment (PPE), net Parent Subsidiary $1,120,000 $160,000 1,456,000 320,000 1,920,000 480,000 2,544,000 4,800,000 1,280,000 $11,840,000 $2,240,000 BOY retained earnings $4,000,000 $640,000 Liabilities and stockholders' equity Net income Dividends Ending retained earnings 1,120,000 (320,000) $4,800,000 320,000 Accounts payable (64,000) Accrued liabilities $ 896,000 Long-term liabilities Common stock $640,000 $144,000 800,000 192,000 1,600,000 400,000 800,000 480,000 APIC 3,200,000 128,000 Retained earnings 4,800,000 896,000 $11,840,000 $2,240,000 At what amount will the following accounts appear in the consolidated financial statements for the year ended December 31, 2022? Note: Do not use negative signs with any answers. Account a. Cost of goods sold $ Amount 4000000 b. Equity income $ 0 c. Operating expenses $ 0 d. Cash $ 1280000 e. Equity investment $ 0 f. PPE, net $ 0 g. Patent $ 0 h. Goodwill $ 0 i. Common Stock $ 0 j. Retained Earnings $ 4880000