Determining ending consolidated balances in the third year following the acquisition-Equity method Assume that your company acquired a subsidiary on January 1, 2017. The purchase price was 5700,000 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 Useful Life Patent $400,000 10 years Goodwill 300.000 Indefinite $701AO 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, 2019, are as follows: Parent Subsidiary Parent Subsidiary Income statement: Balance sheet: Sales $ $3,000,000 $300,000 Assets Cast of goods sold (2.000.000) 1430,000 Cash $700,000 $40.000 Gross profit 1.000 320,001 Ancounts receivabla 9111,000 2001 01 Equity income 100.000 Inventory 1.200,000 300,000 Operating expenses (450,000) (180.0001 Equity vestment 1,450,000 Not income $650.000 $140,000 Property nlant and equipment (Pre net 3,000,000 8000 $7,270,000 $1,340.000 Statement of retained earnings: ROY tained earnings $2.420.000 S400,000 Liabilities and stockholders equity ' Net income 650.000 140,000 counts payable $400,000 $90,000 Dviends (200.000 14.COOL Bried liabilities 500,000 1200 Ending retained earrings $2,670.000 $500,000 Longer liabilities 1000.000 250.000 Common stock 500,000 200,000 2,000,000 .IIC Retained earnings 2.870,000 500.000 $7.2705,000 $1,840,000 At what amount will the following accounts appear in the consolidated financial statements for the year ended December 31, 20197 Account Amount d. Cost of youds sold 2.480,000 b. Equity income 3 C Operating expenses 670,000 d. Cash $ 340,000 c. Equity investment $ 1. Pre net $ 3.800,000 9. Patent 3 260,000 x h Goodwill $ 300,000 i. Common Stock 500,000 j. Fetainers Earnings 3 2,870,000 S