Priya Corporation acquired 100 percent of Sheldon Company stock on January 1, 2021 for $930,000 cash. Following are pre-closing trial balance amounts for Priya Corporation and Sheldon Company as of December 31, 2021: PRIYA CORPORATION Debit Credit Cash $771,400 Accounts Receivable 294,000 Inventory 473,000 SHELDON Debit CORPORATION Credit $304,700 197,000 210,000 Investment in Sheldon Corp. 1,184,100 Buildings 625,000 292,500 Land 807,000 291,000 Equipment 315,000 345,000 Cost of Goods Sold 342,000 211,000 Depreciation Expense, Building 58,600 18,600 Depreciation Expense, Equipment 41,300 24,700 Selling & Administrative Expense 159,000 119,600 Dividends Declared 80,000 50,000 Accumulated Depreciation, Bldg Accumulated Depreciation, Equip Accounts Payable Bonds Payable Common Stock ($1 par) $243,400 $74,400 156,200 98,800 178,000 174,500 515,000 108,400 659,000 290,000 Additional Paid In Capital 1,525,800 375,000 Retained Earnings (01/01/2021) 788,500 265,000 Sales 780,400 678,000 Income from Sheldon Corp. 304,100 $5,150,400 $5,150,400 $2,064,100 $2,064,100 Additional Information: 1. On January 1, 2021, the book values of Sheldon's net assets and liabilities approximated fair values. 2. Priya Corporation uses the equity method to account for its Investment in Sheldon Company. REQUIRED: a. Prepare the Investment Analysis for Priya Company's Investment in Sheldon account AT JANUARY 1, 2021 (4 POINTS) NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. Fair Value of Consideration given from Priya Company to Sheldon's Shareholders IS: MINUS: Book Value of Sheldon Company's Net Identifiable Assets OF EQUALS: Differential (if any) OF: New Goodwill (if any) would be presented in the amount of: