Priya Corporation acquired 100 percent of Sheldon Company stock on January 1, 2021, for $1,050,000 cash. Following are pre-closing trial balance amounts for Priya Corporation and Sheldon Company as of December 31, 2021: SHELDON CORPORATION PRIYA Debit CORPORATION Credit Debit Credit Cash $727,800 $286,000 Accounts Receivable 294,000 197,000 Inventory 483,000 265,000 Investment in Sheldon Corp. 1,191,000 Buildings 625,000 229,500 Land 807,000 291,000 Equipment 315,000 345,000 Cost of Goods Sold 342,000 228,000 Depreciation Expense, Building 58,600 22,500 Depreciation Expense, Equipment 57,900 31,700 Selling & Administrative Expense 161,000 104,600 Dividends Declared 80,000 45,000 Accumulated Depreciation, Bldg $243,400 $90,000 Accumulated Depreciation, Equip 156,200 95,100 Accounts Payable 178,000 129,000 Bonds Payable 540,000 108,400 Common Stock ($1 par) 659,000 267,000 Additional Paid In Capital 1,525,800 591,000 Retained Earnings (01/01/2021) 788,500 192,000 Sales 865,400 572,800 Income from Sheldon Corp. 186,000 $5,142,300 $5,142,300 $2,045,300 $2,045,300 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. 3. The general ledger numbers given above (HINT: those in boldface) include the effects of the JOURNAL ENTRIES that were recorded by Priya at the acquisition date and during 2021 to account for its investment in Sheldon Company. These boldface figures should be used as check figures for your solution.