Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $912,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $228,000 both before and after Miller's acquisition. On January 1, 2019, Taylor reported a book value of $598,000 (Common Stock $299,000; Additional Paid-In Capital $89,700; Retained Earnings = $209,300). Several of Taylor's buildings that had a remaining life of 20 years were undervalued by a total of $79,700. During the next three years, Taylor reports income and declares dividends as follows: Dividends $10,000 Year Net Income 2019 $ 69,800 2020 2021 90,000 100,000 15,000 20,000