Quezon 9 Not yet answered Marked out of 1.00 P Flag question Huey Company acquires 100% of the stock of Solar Corporation on January 1, 2019 for $2.400,000 cash. As of that date Solar had the following account balances Book Value Fair value Cash $300,000 $300,000 Accounts receivable 325,000 325,000 Inventory 350,000 400,000 Building net (10 year life) 1,000,000 900,000 Equipment net 15 year life) 300,000 400,000 Land 600,000 900,000 Accounts Payable 125.000 125.000 Bonds Payable (Face amount $1,000,000 due 12/31/2023) 2,000,000 2,050,000 Common stock 700.000 Additional paid in capital 250,000 Retained earnings 880,000 In 2019 and 2020. Solar had net income of $250,000 and $200,000, respectively. In addition, Solar paid dividends of $16,000 in both years. Inventory is assumed to be sold in 2019. Assume straight line amortization depreciation for assets and bonds payable. What amount of Solar's building would be included on the consolidated balance sheet at December 31, 2019 Select one: A 5910,000 8.5890,000 C. 580,000 D. 5990,000