Pox Corporation acquired all of Subburg Companys outstanding stock on January 1, 2019, for $600,000 cash. Subburgs accounting records showed net assets on that date of $470,000, although equipment with a 10-year remaining life was undervalued on the records by $90,000. Any recognized goodwill is considered to have an indefinite life. Subburg reports net income in 2019 of $90,000 and $100,000 in 2020. The subsidiary declared dividends of $20,000 in each of these two years. Account balances for the year ending December 31, 2021, follow. Credit balances are indicated by parentheses.

	Poxx				Subburg
Revenues	$	(800,000	)		$	(600,000	)
Cost of goods sold		100,000				150,000
Depreciation expense		300,000				350,000
Investment income		(20,000	)			0
Net income	$	(420,000	)		$	(100,000	)
Retained earnings, 1/1/21	$	(1,100,000	)		$	(320,000	)
Net income		(420,000	)			(100,000	)
Dividends declared		120,000				20,000
Retained earnings, 12/31/21	$	(1,400,000	)		$	(400,000	)
Current assets	$	300,000			$	100,000
Investment in subsidiary		600,000				0
Equipment (net)		900,000				600,000
Buildings (net)		800,000				400,000
Land		600,000				100,000
Total assets	$	3,200,000			$	1,200,000
Liabilities	$	(900,000	)		$	(500,000	)
Common stock		(900,000	)			(300,000	)
Retained earnings		(1,400,000	)			(400,000	)
Total liabilities and equity	$	(3,200,000	)		$	(1,200,000	)

1. Determine the December 31, 2021, consolidated balance for depreciation (5)
2. Determine the December 31, 2021, consolidated balance for Revenues (5)
3. Determine the December 31, 2021, consolidated balance for Equipment (5)
4. Determine the December 31, 2021, consolidated balance for goodwill (5)
5. What information in this problem lets you know that Pox is NOT using the equity method on its books to account for its investment in Subburg? (5 points)