In the consolidated balance sheet of P Company on December 31, 2020, Receivable from subsidiaries and Payable to subsidiaries should be equal to: *

$234,000 and $456,000 respectively

$36,000 and $78,000 respectively

$157,000 and $31,000 respectively

None of the above

Stock Acquisition Use the following to answer the question below P Company owns stock in three subsidiaries. Of its three subsidiaries, two are consolidated in the financial statements: s Company and V Company. Only the Company is not consolidated with P Company and the other affiliates. On December 31, 2020, and upon preparing the consolidated balance sheet, P Company had a number of Receivables from subsidiaries" and "Payables to subsidiaries, as follows: Interest Receivable from Company Interest Payable to s Company Long term Payable to s Company Intercompany Receivable from U Company Intercompany Payable to U Company Interest Receivable from V Company Long term Receivable from V Company Intercompany Payable to V Company $77,000 65,000 425,000 36.000 78.000 95.000 62.000 31.000