On January 1, 2021. Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp, for $364,000. There is no active market for Strong's stock. Of this payment. $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired. As of December 31, 2021, before preparing the consolidated worksheet, the financial statements appeared as follows Strong Revenue Cost of goods sold Operating expenses Not Income Retained earningo, 1/1/21 Het Income (above) Dividends paid Retained earnings, 12731/21 Cash and receivables Inventory Tnvestment in Strong Corp Equipment (not) Total aseta teabilities Coomon stock Retained earnings, 12/31/21 (above) Total liabilities and stockholders' equity Pride, Inc. $ 420,000 (196,000) (28,000) 5 196.000 S 420.000 196,000 0 S 616.000 $ 294,000 210,000 364,000 616,000 $1,484,000 5 588.000 280,000 616,000 $1,484,000 Corp $ 200,000 (112,000) (10,000) $ 154,000 5 210.000 154,000 0 $364,000 $ 126,000 154,000 0 420,000 $ 700,000 $ 196,000 140,000 364,000 $ 700.000 During 2021. Pride bought inventory for $112.000 and sold it to Strong for $140.000. Only half of the inventory purchase price had been remitted to Pride by Strong at year end. As of December 31, 2021. 60% of these goods remained in the company's possession What is the consolidated total for inventory at December 31, 20217 Multiple Choice $330.000 5347200 5280,000 $349 300 5354000