Problem 3-5 (Algo) (LO 3-1) Paar Corporation bought 100 percent of Kimmel, Incorporated, on January 1, 2021. On that date, Paar's equipment (10-year remaining life) has a book value of $412,500 but a fair value of $512,500. Kimmel has equipment (10-year remaining life) with a book value of $279,000 but a fair value of $372,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2023, Paar has equipment with a book value of $288,750 but a fair value of $429,950 Kimmel has equipment with a book value of $195,300 but a fair value of $354,000 What is the consolidated balance for the Equipment account as of December 31, 2023?