On January 1, 2019, A Corp purchased 100 % of the outstanding common stock of Z Corp for 53,500,000. At that time the book value of Corp's not assets totaled $2.975,000. All assets and liabilities of corp had book values equal to their fair values except for Book Value Fair Value Remaining Life Furniture 500.000 700.000 4 years Customer Lists 0 300,000 6 years Buildings 1,000,000 800.000 10 years Net income for the individual companies for 2019 was as follows A Corp Net Income $ 750 000 Z Corp Net Loss 300 000 As a result of Z Corp's loss, A Corp recorded an impairment out in 2019 equal to 25% of the goodwill recorded at acquisition Compute A Corp's Consolidated Net Income for 2019: (Show all work) On January 1, 2019, A Corp purchased 100 % of the outstanding common stock of Z Corp for 53,500,000. At that time the book value of Corp's not assets totaled $2.975,000. All assets and liabilities of corp had book values equal to their fair values except for Book Value Fair Value Remaining Life Furniture 500.000 700.000 4 years Customer Lists 0 300,000 6 years Buildings 1,000,000 800.000 10 years Net income for the individual companies for 2019 was as follows A Corp Net Income $ 750 000 Z Corp Net Loss 300 000 As a result of Z Corp's loss, A Corp recorded an impairment out in 2019 equal to 25% of the goodwill recorded at acquisition Compute A Corp's Consolidated Net Income for 2019: (Show all work)