On January 1.20X1. Forest Company acquied 100 percent of Kent Company for $700,000 when Kent's beok value was $540,000. At the acguistion date, Kent's building (20 ycar remahing life) was undervalued in its financial records by $60,000. Also, patented technalogy (10-vear remaining lifel was undervalued by $100,000, As 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 convolidated balance sheet? $395,000 13100,000. 5417000 $423000