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Question 1 5 Incorrect Mark 0.00 out of 1.00 f Remove ag Q Edit question Huey Company acquires 100% of the stock of Solar Corporation onJanuary 1, 2019, for $2,400,000 cash. As of that date Solar had the following account balances: Book Value Fair value Cash $630,000 $630,000 Accounts receivable 275,000 225,000 Inventory 350,000 400,000 Building-net (10 year life) 1,000,000 900,000 Equipmentvnet (5 year life) 300,000 400,000 Land 600,000 900,000 Accounts Payable 125,000 125,000 Bonds Payable [Face amount $1,000,000, due 12f31i'2023] 2,000,000 2,050,000 Common stock 500,000 Additional paid-in capital 250,000 Retained earnings 280,000 In 2019 and 2020, Solar had net income of $250,000 and $240,000, respectively. In addition, Solar paid dividends of$16,000 in both years. Inventory is assumed to be sold in 2019. Assume straight line amortizationf depreciation for assets and bonds payable. What amount of Solar's equipment would be included on the consolidated balance sheet at December 31, 2020? What amount of Solar's equipment would be included on the consolidated balance sheet at December 31, 2020? Select one: A. $160,000 B. $460,000 C. $320,000 X D. $240,000 Previous