Heavy Rocks Company acquires 100% of the stock of Simple Machinery Co. on January 1, 2XX0, for $7,200,000 cash. As of that date Simple Machinery had the following account balances: Book Value Fair Value Cash Accounts receivable Inventory $1,890,000 $1,890,000 2,325,000 2,325,000 1,050,000 1,200,000 Building-net (10 year life) 3,000,000 2,700,000 Equipment-net (5 year life) 900,000 1,200,000 Land 1,800,000 2,700,000 Accounts Payable 375,000 375,000 Notes Payable (due 12/31/2XX4) Common stock 6,000,000 6,150,000 1,500,000 13 Additional paid-in capital Retained earnings 750,000 2,340,000 In 2XX0 and 2XX1, Simple Machinery had net income of $750,000 and $720,000, respectively. In addition, Simple Machinery paid dividends of $48,000 in both years. Inventory is assumed to be sold in 2XX0. Assume straight line amortization/depreciation for assets and notes payable. What amount of inventory would be added to the parent's inventory balance to get consolidated inventory at date of acquisition?