Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2019 when Park's book value was $560,000. The Royce stock was not actively traded. On the date of acquisition, Park had equipment (with a ten-year life) that was undervalued in the financial records by $140,000. One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been paid.

Royce Co. Park Co. Book Value Book Value Fair Value Current assets $ 868,000 $ 420,000 $ 448,000 Equipment 364,000 280,000 400,000 Buildings 574,000 210,000 210,000 Liabilities (546,000 ) (168,000 ) (168,000 ) Revenues (1,260,000 ) (560,000 ) Expenses 700,000 420,000 Investment income Not Given

What is the consolidated balance of the Equipment account at December 31, 2020?

Multiple Choice

• $644,400.
• $784,000.
• $719,600.
• $770,000.
• $775,600.