On January 1, 20X1, the Husky Corporation acquired 90% of the Spartan Companys voting stock for $2,700,000. Spartans net assets had a book value of $2,450,000; the fair value of Spartans building was $325,000 greater than its book value. The book value of Huskys net assets immediately after the acquisition of Spartan totaled $6,850,000. What is total stockholders equity on the January 1, 20X1 consolidated balance sheet?

$9,300,000

$6,850,000

$7,150,000

$7,120,000

Correct answer is $7,150,000 and I need an explanation. Ty