On January 1, 20X1, Forest Company acquired 100 percent of Kent Company for $700,000 when Kent's book value was $540,000. At the acquisition date, Kent's building (20-year remaining life) was undervalued in its financial records by $60,000. Also, patented technology (10-year remaining life) was undervalued by $100,000. At the end of 20X1, Forest reports building of $250,000 while Kent reports building of $110,000. What amount is reported for building in the 201 consolidated balance sheet? $417,000. $360,000. $395,000. $423,000