Scott Co. acquired 70% of Gregg Co. for $525,000 on December 31, 2019 when Greggs book value was $580,000. The Gregg stock was not actively traded. On the date of acquisition, Gregg had equipment (with a ten-year life) that was undervalued in the financial records by $180,000. One year later, the two companies provided the selected amounts shown below. Additionally, no dividends have been paid.

	Scott Co.		Gregg Co.
	Book Value		Book Value		Fair Value
Current assets	$912,000		$430,000		$458,000
Equipment	371,000		290,000		470,000
Buildings	584,000		210,000		210,000
Liabilities	(564,000	)	(238,000	)	(238,000	)
Revenues	(1,320,000	)	(570,000	)
Expenses	780,000		440,000
Investment income	Not Given

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

Select one:

a. $814,000.

b. $661,000.

c. $678,000.

d. $823,000.

e. $831,000.