On 1/1/19, Major Company purchased 30% of Minor Company's common stock for $50,000. Minor's book value of equity at that date consisted of $100,000 common stock and $250,000 retained earnings. On 1/1/19, any difference between the fair value and book value of equity of Minor's stock is attributable to land, $100,000 and the rest of the difference to equipment. The equipment has a 5 year remaining life at 1/1/19. During 2019, Minor reported income of $80,000 and paid dividends of $30,000. The total fair value of Minor's stock on 12/31/19 is $575,000. Assuming that Major is an important vendor to Minor and that its ownership percentage allows membership on Minor's board of directors, answer the following questions (use the $XXX,XXX) format. Round to the nearest dollar. The total asset amount related to the Investment in Minor on Majors 12/31/2019 balance sheet is The Minor investment increased Major's retained earnings at 12/31/19 by On 1/1/19, Major Company purchased 30% of Minor Company's common stock for $50,000. Minor's book value of equity at that date consisted of $100,000 common stock and $250,000 retained earnings. On 1/1/19, any difference between the fair value and book value of equity of Minor's stock is attributable to land, $100,000 and the rest of the difference to equipment. The equipment has a 5 year remaining life at 1/1/19. During 2019, Minor reported income of $80,000 and paid dividends of $30,000. The total fair value of Minor's stock on 12/31/19 is $575,000. Assuming that Major is an important vendor to Minor and that its ownership percentage allows membership on Minor's board of directors, answer the following questions (use the $XXX,XXX) format. Round to the nearest dollar. The total asset amount related to the Investment in Minor on Majors 12/31/2019 balance sheet is The Minor investment increased Major's retained earnings at 12/31/19 by