Saved Hel Required information [The following information applies to the questions displayed below.) The separate condensed balance sheets of Patrick Corporation and its wholly-owned subsidiary, Sean Corporation, are as follows: Sean $ 60,000 25,000 50,000 280,000 BALANCE SHEETS December 31, 2020 Patrick Cash $ 80,000 Accounts receivable (net) 140,000 Inventories 90,000 Plant and equipment (net) 625,000 Investment in Sean 460,000 Total assets $1,395,000 Accounts payable 160,000 Long-term debt 110,000 Common stock ($10 par) 340,000 Additional paid-in capital Retained earnings 785,000 Total liabilities and shareholders equity $1,395,000 $ 415,000 95,000 30,000 50,000 10,000 230,000 $ 415,000 Additional Information: On December 31, 2020. Patrick acquired 100 percent of Sean's voting stock in exchange for $460,000. . At the acquisition date, the fair values of Sean's assets and liabilities equaled their carrying amounts, respectively. except that the fair value of certain items in Sean's inventory were $25,000 more than their carrying amounts. In the December 31, 2020, consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported