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Kylie Co. owns 83% of Jayzee Inc. On their 12/31/2017 pre-consolidation trial balances, Kylie reports $730,265 Liabilities and Jayzee reports $1,011,220 Liabilities. Jayzee owes Kylie

Kylie Co. owns 83% of Jayzee Inc. On their 12/31/2017 pre-consolidation trial balances, Kylie reports $730,265 Liabilities and Jayzee reports $1,011,220 Liabilities. Jayzee owes Kylie $262,984 on this date. What amount should be reported for Liabilities in Kylie's consolidated financial statements?

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