Parent Determining ending consolidated balances in the second year following the acquisition-cost method Assume a parent company acquired a subsidiary on January 1, 2016. for $1.200,000. The purchase price was $450,000 in excess of the studiary: 350.000 bonke dergutyun the acquisition date of this excess purchase price $250,000 was assigned to property, plant and equipment with a remaining economics of 10 yard Goodwill on the acquisition date, the subsidiary reported retained earnings equal to $200,000. The parentes the cont method of pre-consolidation Equity investment in the financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows Parent Subsidiary income statement Balance sheet Sales 55.000.000 $1.200.000 A Cost of goods sod 1.000.000 (700.000 Cash $150 000 Grosso 2.000.000 500,000 Accounts recent . 340.000 Equity income 450.000 Inventary con 500.000 Operating expenses (1.500.000 1400.0001 Euty Investment 1.200.000 Net Income 1540.000 $100.000 Property plant Sument 3.000.000 100.000 Statement of retained earnings 17.600.000.000 O retained 1.500.000 500,000 ubies and stock desequity Netcome 540.000 100,000 Accounts payable 1700.000 10000 Dividends 1200.000 140 A 900.000 270.000 1000 Endineretained 2.500.000 600.000 5660000 Long Con 500.000 120100 ARC LI 100 Head 0.00 0.000 17.11.150.000 Net income Dividends Ending retained earnings 540,000 (200,000) $1,840,000 100,000 Accounts payable (40,000) Accrued abilities 5660,000 Long term liabilities Common stock APIC Retained earnings $700,000 $140.000 900.000 220,000 2.500.000 600.000 500.000 120,000 1,160,000 150,000 1,140,000 660,000 57,600,000 $1,190,000 At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with any of your answers. a. Sales $ b. Investment income $ c. Operating expenses $ d. Inventories $ e Equity investment $ 1. Property, plant & equipment, net 5 8. Goodwill h. Common stock $ L. Retained earnings 5 Check