please show calculations also

Big Guy Inc. purchased 80% of the outstanding voting shares of Humble Corp. for $360,000 on July 1, 2017. On that date, Humble Corp. had common shares and retained earnings worth $180,000 and $90,000, respectively. The equipment had a remaining useful life of 5 years from the date of acquisition. Humble's bonds mature on July 1, 2027. Both companies use straight line amortization, and no salvage value is assumed for assets. The trademark is assumed to have an indefinite useful life. Goodwill is tested annually for impairment. The balance sheets of both companies, as well as Humble's fair market values on the date of acquisition are disclosed below. Big Guy Humble Humble acquisition are disclosed below: Humble Big Guy (carrying value) Humble (fair value Cash Accounts Receivable $800,000 $240,000 $60,000 $900,000 Inventory Equipment (net) Trademark (carrying value) $245,000 $40,000 $45,000 $80,000 $90,000 $500,000 $160,000 $70.000 $180,000 $90,000 $500,000 $245,000 $40,000 $50,000 $72,000 $193,000 Total Assets Current Liabilities Bonds Payable Common Shares Retained Earnings Total Liabilities and Equity $160,000 $40,000 $2,000,000 $200.000 $260.000 $900,000 $640,000 $2,000,000 The following are the financial statements for both companies for the fiscal year ended The following are the financial statements for both companies for the fiscal year ended June 30, 2020 Income Statements: Big Guy $640.000 $8,480 Humble $240,000 Sales Investment Revenue Less: Expenses: Cost of Goods Sold Depreciation Interest Expense Other Expenses Net Income $300.000 $81,000 $34.000 $5.000 $228.480 $160,000 $34.000 $26.000 $8.000 $12.000 Retained Earnings Statements Balance, July 1, 2019 INet Income Dividends Balance, June 30, 2020 Big Guy $960,560 $228.480 $20,000 $1,169,0401 Humble $48,000 $12,000 $2.000 $58,000 Balance Sheets Check Big Guy $1,200,000 $270,000 $319,040 $70,000 $820,000 Humble $365,000 $55,000 Cash Accounts Receivable Investment in Humble Inventory Equipment (net) Trademark Total Assets Current Liabilities Bonds Payable Common Shares Retained Earnings Total Liabilities and Equity $2.679,040 $350,000 $260,000 $900,000 $1.169.040 $2.679.040 $70,000 $65,000 $85.000 $640,000 $332,000 $70,000 $180,000 $58.000 $640.000 An impairment test conducted in September 2018 on Big Guy's goodwill resulted in an impairment loss of $10,000 being recorded. Both companies use a FIFO system, and Humble's entire inventory on the date of acquisition was sold during the following year. During 2020. Humble Inc borrowed $20,000 in cash from Big Guy Inc. interest free to finance its operations. Big Guy uses the Equity Method to account for its investment in Humble Corp. Assume that the fair value enterprise (FVE) method applies. The amount of depreciation expense appearing on Big Guy's June 30, 2020 consolidated income statement would be Multiple Choice $113,400 $113,720 $115,000 $116.280