On January 2, 2016, Mullen, Inc. acquired Hudson & Sons as a wholly-owned subsidiary, paying an excess of $500,000 over the book value of Hudson's net assets. One-half of the excess was attributable to equipment with a 10-year life, leaving the remainder as goodwill. The parent uses the equity method of pre-consolidation Equity investment bookkeeping. The 2017 financial statements for the two companies are presented below.

Required: At what amount will the following accounts appear on the consolidated financial statements for 2017?

Sales

Equity Income

Operating Expenses

Accounts Payable

Equity Investment

Property, Plant and Equipment (net of accumulated depreciation)

Goodwill

Additional Paid-In Capital

Retained Earnings

	Mullen, Inc.	Hudson & Sons
Sales	$3,850,000	$ 500,000
Cost of goods sold	(2,860,000)	(270,000)
Gross profit	990,000	230,000
Operating expenses	(504,500)	(96,000)
Equity income	109,000	________
Net Income	$ 594,500	$ 134,000
Retained Earnings, 1/1/17	$2,105,800	$ 184,000
Net income	594,500	134,000
Dividends	(101,100)	(17,600)
Retained Earnings, 12/31/17	$2,599,200	$ 300,400
Cash and receivables	$1,327,000	$ 236,800
Inventory	999,000	108,800
Equity investment	825,400
Property, plant & equipment (Net)	6,541,500	265,300
Total Assets	$9,692,900	$ 610,900
Accounts payable	$ 520,900	$ 38,600
Accrued liabilities	570,600	46,900
Notes payable	2,990,000	150,000
Common stock	480,000	30,000
Additional paid-in capital	2,532,200	45,000
Retained Earnings, 12/31/17	2,599,200	300,400
Total Liabilities and Equities	$9,692,900	$ 610,900