On January 1, 20X1, Davidson Company acquired 100 percent of Laura Company for $900,000 when Laura's book value was $700,000. At the acquisition date, Laura's building (20-year remaining life) was undervalued in its financial records by $120,000. Also, patented technology ( 5 -year remaining life) was undervalued by $80,000. At the end of 20X1, Davidson reports building of $640,000 while Laura reports building of $280,000. What amount is reported for building in the 20X1 consolidated balance sheet? $920,000. $984,000. $1,042,000. $1,034,000