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