On January 1, 2020, Adamson, Inc. acquired the outstanding voting common stock of Skyview Corp. for $600,000. Of this payment, $85,000 was allocated to undervalued equipment (with a five-year life). Any remaining excess was attributable to goodwill. During 2020, Adamson bought inventory for $44,000 and sold it to Skyview for $98,500. 60% of these goods were still in the company's possession on December 31. The financial statements of the two companies as of December 31, 2020 are presented below. Adamson Skyview Sales revenue $ 750,000 $440,000 Cost of goods sold (414,975 ) (69,000) Gross profit 335,025 371,000 Operating expenses (65,000) (75,000) Income (loss) from subsidiary 246,300 0 Net Income $ 516,325 $296,000 w $ 670,000 $258,000 Retained Earnings, 1/1/20 Net income Dividends Retained Earnings, 12/31/20 516,325 (15,000) $1,171,325 296,000 (12,000) $542,000 Cash and receivables $ 325,000 440,000 $ 90,000 126,000 0 Inventory Equity investment Property, plant & equipment (Net) Total Assets 834,300 1,273,025 $2,872,325 635,000 $851,000 $ 652,000 Accounts payable Accrued liabilities Common stock Additional paid-in capital Retained Earnings, 12/31/20 Total Liabilities and Equities 245,000 152,000 652,000 1,171,325 $2,872,325 $ 75,000 56,000 34,000 144,000 542,000 $851,000 What is the consolidated balance for property, plant and equipment (net) on the December 31, 2020 balance sheetI Select one: A. $1,908,025 B. $1,987,025 C. $1,993,025 D. $1,976,025