Net income and dividends reported by Clark for 2020 and 2021 follow: The fair value of Clark's net assets that differ from their book values are listed below: Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life. Compute the amount of Clark's equipment that would be reported in a December 31,2020 , consolidated balance sheet. Multiple Choice $825. $1,000. $1,175. $1,350. $1,525