Parent Corp. holds a 75% ownership interest in a subsidiary. At the acquisition date, equipment was undervalued; the fair value differential is being amortized at $36,000 per year. The subsidiary reported net income of $1,200,000 for 2019. Parent calculated a goodwill impairment loss of $160,000 for 2019 related to the subsidiary. In addition, the following information was available for intercompany transfers:

• Parents December 31, 2019 ending inventory included unrealized profit of $80,000 on goods purchased from the subsidiary.
• In 2017, Parent sold the subsidiary a building and recorded a gain of $240,000; in the 2019 consolidation entry related to this intercompany transfer, depreciation expense was credited for $15,000.

What is the amount of Parents equity income from subsidiary for 2019?

		$808,000
		$588,000
		$813,000
		$828,000