On January 1, 20X9, Ute Corporation acquired 75 percent of Cougar Company's common stock for $1,200,000 cash. Ute Corporation at the date of acquisition was as follows:

Common Stock $500,000

APIC $500,000

RE $400,000

What amount would be reflected as "Total Equity" on the Consolidated Financial Statements on January 1st, 20X9?

Group of answer choices

$1,400,000

$1,800,000

1,847,000

$1,500,000