Patent Assume that your company acquired a subsidiary on January 1, 2017. The purchase price was $700,000 in excess of the subsidiary's book value of Stockholders' Equity on the acquisition date, and that excess was assigned to the following [A] assets: Original Original [A] Asset Amount Useful Life $400,000 Goodwill 300,000 $700,000 The [A] assets with a useful life have been amortized as part of the parent's equity method accounting. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows: 10 years Indefinite Parent Parent Subsidiary Income statement: Sales Cost of goods sold Gross profit Equity income Operating expenses Net income $3,000,000 (2,000,000) 1,000,000 100,000 (450,000) $650,000 Subsidiary Balance sheet: $800,000 Assets (480,000) Cash 320,000 Accounts receivable Inventory (180,000) Equity Investment $140,000 Property, plant and equipment (PPE), net $700,000 $40,000 910,000 200,000 1,200,000 300,000 1,460,000 3,000,000 800,000 $7,270,000 $1,340,000 Statement of retained earnings: BOY retained earnings Net income Dividends Ending retained earnings $2,420,000 $ 400,000 Liabilities and stockholders' equity 650,000 140,000 Accounts payable (200,000) (40,000) Accrued liabilities $2,870,000 $500,000 Long-term liabilities Common stock APIC $400,000 $90,000 500,000 120,000 1,000,000 250,000 500,000 300,000 2,000,000 80,000 2,870,000 500,000 $7,270,000 $1,340,000 Retained earnings $ At what amount will the following accounts appear in the consolidated financial statements for the year ended December 31, 2019? Account Amount a. Cost of goods sold $ b. Equity income c. Operating expenses $ d. Cash e. Equity investment f. PPE, net $ $ $ $ $ 8. Patent $ h. Goodwill $ $ $ i. Common Stock j. Retained Earnings $