The following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2021 Penske Stanza Revenues $ (845,200) $(528,000) Cost of goods sold 3ee, 750 132,000 Depreciation expense 160,000 228,000 Investment income Not given Dividends declared 80,000 60,000 Retained earnings, 1/1/21 (614,000) (254, eee) Current assets 438,000 552,000 Copyrights 920,000 410,000 Royalty agreements 634,00 1,076, eee Investment in Stanza Not given Liabilities (532,000) (1,396,000) Common stock (680, 280) ($2e par) (200,000) ($10 par) Additional paid-in capital (150,000) (80,000) Note: Parentheses indicate a credit balance On January 1, 2021, Penske acquired all of Stanza's outstanding stock for $829,000 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 $482,000 book value but a fair value of $602,000 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