The separate condensed balance sheets of Patrick Corporation and its wholly owned subsidiary, Sean Corporation, are as follows: $ Sean 70,000 32,000 62,000 262,000 BALANCE SHEETS December 31, 2017 Patrick Cash 72,000 Accounts receivable (net) 140,000 Inventories 100,000 plant and equipment (net) 634,000 Investment in Sean 464,000 Total assets $ 1,410,000 Accounts payable 144,000 Long-term debt 112.000 Common stock ($10 par) 328,000 Additional paid-in capital Retained earnings 826,000 Total liabilities and shareholders $ 1,410,000 equity $426,000 96,000 34,00 68,000 14,000 214,000 $ 426,000 Additional Information: On December 31, 2017, Patrick acquired 100 percent of Sean's voting stock in exchange for $464,000. 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 $26,000 more than their carrying amounts. Homework Problems Seved Help Save & EX AL CUSTO Udute, e del Vdiues Ul Seals desdnu dnes equdieu tries Cailyny dons, respecuvely, except that the fair value of certain items in Sean's inventory were $26.000 more than their carrying amounts In the December 31, 2017, consolidated balance sheet of Patrick and its subsidiary, what amount of total stockholders' equity should be reported? Multiple Choice O $1128,000 O S4154,000 Required information C) $1,128,000 $1,154,000 $1,180,000 $1,352,000