If you could show the journal entries for it that would be great

40. Determining ending consolidated balances in the second year following the acquisitionEquity method Assume a parent company acquired a subsidiary on January 1, 2018. The purchase price was $760,000 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: [A] Asset Property, plant and equipment (PPE), net Goodwill.. Original Amount $360,000 400,000 $760,000 Original Useful Life 12 years Indefinite The AAP asset relating to undervalued PPE with a 12-year useful life has been depreciated 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 Income statement: Sales Cost of goods sold Gross profit Equity income. Operating expenses Net income Parent Subsidiary Balance sheet: $6,000,000 $1,500,000 Assets (3,500,000) (900,000) Cash... 2,500,000 600,000 Accounts receivable 170,000 Inventory (1,000,000) (400,000) Equity investment $1,670,000 $ 200,000 Property, plant and equipment (PPE), net. $ 727,000 $ 386,000 1,000,000 348,000 1,600,000 442,000 1,873,000 4,800,000 824,000 $10,000,000 $2,000,000 Statement of retained earnings: Beginning retained earnings... $1,000,000 $ 780,000 Net income.. 1,670,000 200.000 Dividends.. (210,000) (32.000) Ending retained earnings $2,480,000 $948,000 Liabilities and stockholders' equity Accounts payable. Accrued liabilities Long-term liabilities. Common stock APIC Retained earnings s 900,000 $ 140,000 1,200,000 187,000 2,800,000 500,000 640,000 100,000 2,000,000 125,000 2,460,000 948,000 $10,000,000 $2,000,000 At what amount will the following accounts appear on the consolidated financial statements? a. Sales 1. Property, plant and equipment (PPE), net b. Equity income & Goodwill c. Operating expenses Common stock d. Accounts receivable Retained earings e Equity investment h. 1