On January 1, Year 1, Harmony Ltd. purchased 50,000 common shares, representing 30% of the outstanding shares, of Symmetry Ltd. for $1,900,000. The assets of Symmetry included a building with a market value greater than book value by $250,000 plus 100 times the last 3 digits of your student number. For example, if your student number is T00387648, then the last three digits are 648, and 100 times this is 64,800. The building would then have a fair value $314,800 more than book value. The building had a remaining useful life of 10 years. During Year 1, Symmetry had a net income of $420,000 and paid dividends of $220,000. During Year 1, Harmony sold Symmetry merchandise for $150,000 plus 1,000 times the last 2 digits of your student number. For example, if your student number is T00387648 then the last two digits are 48, and 1,000 times this is 48,000. The sale would then be for $198,000. The gross profit rate is 40%. At year end, 60% of this merchandise remained in Symmetry's inventory. Harmony's tax rate is 30%. During Year 2, Symmetry had a net income of $550,000 and paid dividends of $330,000.