The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021; Penske Revenues $ (842,000) Cost of goods sold 299,700 Depreciation expense 207.000 Investment income Not given Dividends declared 80,000 Retained earnings, 1/1/21 (668,000) Current assets 572,000 Copyrights 1,076,000 Royalty agreements 604,000 Investment in Stanza Not given Liabilities (546,000) Common stock (600,000) ($20 par) Additional paid-in capital (150,000) Note: Parentheses indicate a credit balance, Stanza $ (568,000) 142,000 304,000 0 60,000 (222,000) 566,000 449,500 1,180,000 0 (1,631,500) (200,000) ($10 par) (80,000) On January 1, 2021, Penske acquired all of Stanza's outstanding stock for $755,000 fair value in cash and common stock. Penske also paid $10,000 in stock issuance costs. At the date of acquisition, copyrights (with a six-year remaining life) have a $526,000 book value but a fair value of $724,000. a. As of December 31, 2021, what is the consolidated copyrights balance? b. For the year ending December 31, 2021, what is consolidated net income? c. As of December 31, 2021, what is the consolidated retained earnings balance? d. As of December 31, 2021, what is the consolidated balance to be reported for goodwill? a Amounts $ 1.625.500 b Consolidated copyrights Consolidated net income Consolidated retained earnings Dividends declared 80,000 Retained earnings, 1/1/21 1668,000) Current assets 572,000 Copyrights 1,076,000 Royalty agreements 604,000 Investment in Stanza Not given Liabilities (546,000) Common stock (600.000) ($20 par) Additional paid-in capital (150,000) Note: Parentheses indicate a credit balance 60,000 (222,000) 566,000 449,500 1,180,000 0 (1,631,500) (200,000) ($10 par) (80,000) On January 1, 2021, Penske acquired all of Stanza's outstanding stock for $755,000 fair value in cash and common stock. Penske also paid $10,000 in stock Issuance costs. At the date of acquisition, copyrights (with a six-year remaining life) have a $526,000 book value but a fair value of $724,000 a. As of December 31, 2021, what is the consolidated copyrights balance? b. For the year ending December 31, 2021, what is consolidated net income? c. As of December 31, 2021, what is the consolidated retained earnings balance? d. As of December 31, 2021, what is the consolidated balance to be reported for goodwill? Amounts $ 1,625,500 b b Consolidated copyrights Consolidated not income Consolidated retained earnings Consolidated goodwill C d