Following are the financial statements of A Company and B Company for the year ended December 31, 2020 (in $):

A Company B Company Sales 1,300,000 195,000 Equity in Subsidiary Income ??? Gain on Sale of Land 50,000 Cost of Goods Sold (725,000) (256,000) Operating Expenses (412,000) Loss on Sale of Vehicle (132,500) (6,500) Net Income ??? 150,000 Retained Earning Beginning 665,000 425,000 Net Income ??? 150,000 Dividend Declared 150,000) '80,000) Retained Earning Ending ??? 495,000 Cash 240,500 175,000 Accounts Receivable-net 350,000 250,000 Inventories 415,000 345,000 Investment in B Company ??? Land 450,000 250,000 Vehicle 400,000 250,000 Accumulated Depreciation Vehicle (215,000) (110,000) Machine 600,000 500,000 Accumulated Depreciation Machine (225,000) (165,000) Equipment 300,000 200,000 Accumulated Depreciation Equipment (105,000) (45,000) Total Assets ??? 1,650,000 Account Payable 188,000 105,000 Bank Loan 500,000 300,000 Capital stock 1,200,000 500,000 Other Contributed Capital 600,000 250,000 Retained Earnings ??? 495,000 Total Liabilities and Equities 277 1.650,000