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please show all work Pidris Company acquired 90% of Sunny Inc. on January 31, 2020 in exchange for cash. The book value of Sunny's individual

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Pidris Company acquired 90% of Sunny Inc. on January 31, 2020 in exchange for cash. The book value of Sunny's individual assets and liabilities approximated their acquisition-date fair values. On the date of acquisition, Sunny reported the following: Current Liabilities $ 70,000 Cash Inventory Plant Assets (net) Property Total Asses $ 350,000 100,000 320,000 500.000 $1.270,000 Common Stock Retained Earnings Total Liabilities & Equity 100,000 1,100,000 $ 1.270,000 During the year Sunny Inc. reported $400,000 in net income and declared $200,000 in dividends. Pidris Company reported $520,000 in net income and declared $250,000 in dividends. Pidris accounts for their investment using the equity method. 2. What is Pidris's balance in Investment in Sunny Inc." prior to consolidation on December 31, 2020

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