On Jan 1, 2022, you acquire Co. M for $ 34,200,000 when Co. M's book value was $5,400,000 M's book value equals fair value except: Assets: Inventory is overstated by $ 316,000; Equipment ( 20 yr remaining life) is understated by $ 13,800,000; Patents (10 yr remaining life) are understated by $ 4,530,000, a Brand Name (indefinite life) is understated by $ 1,510,000; Lease agreements ( 4 yr remaining life) are understated by S 617.000 Liabilities: Long-term debt ( 4 yr remaining life) is understated by $ 2,610,000. Any remaining difference between M's fair value and the fair value of identifiable net assets is attributed to goodwill. During 2022, M reports net income of $ 3,960,000 and pays dividends of S 453,000. During 2023, M reports net income of S 3,740,000 and pays dividends of S 250,000 You use the equity method to internally account for your investment in M and the acquisition method for consolidation Below are selected balances for You and Co. Mas of Dec. 31, 2023 (2 yrs after acquisition). Required: Determine the consolidation balances for these selected accounts at Dec 31, 2023. You Co. Consolidated Balances DR (CR) Equipment, net 160,000,000 62,000,000 Patents 2,400,000 600,000 Brand names 0 0 Lease agreements 0 0 Goodwill 0 0 Long-term liabilities (95,000,000) (44,600,000) 450,000,000 68,000,000 Cost of goods sold Depreciation and amortization expense 90,000,000 38,500,000