On January 2, 2018, Company P acquired all of the outstanding voting stock of Company S in exchange for $6,000 in stock. Company P elected to exercise control over Company S as a wholly-owned subsidiary with an independent accounting system. Both companies have December 31 year ends. At the acquisition date, Company S has a stockholder's equity of $2,500, which includes Retained Earnings of $1,700. Company P pursued the acquisition, in part, to utilize Company S technology and computer software. These items had fair values that differed from their values on Company S books as follows: asset book value fair value remaining useful life patented technol. 140 2240 7 yr computer software 60 1260 12 yr At December 31 2020, Company S owes Company P $20. Company S remaining identifiable assets and liabilities had acquisiiton-date book values that closely approximated fair values. Since acquisition, no assets have been impaired. During the next three years, Company S reported the following income and dividends: yr net income dividend 2018 900 150 2019 940 150 2020 975 150 INCOME STATEMENT P Company S Company ELIMINATIONS CONS.TOT. FYE 12/31/20 (000's) DR. CR. Sales 2,720 2,250 4,970 Equity in sub earnings 575 575 0 Total revenues 3,295 2,250 5,545 Cost of goods sold 1,350 870 2,220 Depreciation expense 275 380 655 Amortization expense 370 25 395 0 Total expenses 1,995 1,275 3,270 Net income 1,300 975 2,275 RETAINED EARNINGS STATEMENT Retained Earnings 1/1 7,470 3,240 10,710 Net income 1,300 975 2,275 Dividends declared 600 150 750 Retained Earnings 12/31 8,170 4,065 12,235 BALANCE SHEET Current assets 490 375 865 Computer software 300 45 345 Patented technology 800 80 880 Goodwill 100 100 0 Equipment 1,835 4,500 6,335 Investment in sub 7,165 7,165 0 0 Total assets 10,690 5,000 15,690 Liabilities 520 135 655 0 Common stock 2,000 800 2,800 0 Retained earnings 8,170 4,065 12,235 0 Total liabilities and equity 10,690 5,000 0 0 15,690 Calculate the balance in the account Investment in Sub as of 12/31/20. Show all computations.