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$ Sean 72, 38,800 44,099 262,000 BALANCE SHEETS December 31, 2017 Patrick Cash 74,000 Accounts receivable (net) 146,000 Inventories 82,000 Plant and equipment (net) 640,089

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$ Sean 72, 38,800 44,099 262,000 BALANCE SHEETS December 31, 2017 Patrick Cash 74,000 Accounts receivable (net) 146,000 Inventories 82,000 Plant and equipment (net) 640,089 Investment in Sean 476,000 Total assets $ 1,418,800 Accounts payable 168,888 Long-term debt 120,000 Common stock ($10 par) 332,000 Additional paid-in capital Retained earnings 806, 889 Total liabilities and shareholders' 1,418,000 equity $ 416,00 94,000 38,000 54,000 14,000 216,000 S 416,000 Additional Information: . On December 31, 2017, Patrick acquired 100 percent of Sean's voting stock in exchange for $476,000. 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 $16.000 more than their carrying amounts. In the December 31, 2017, consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported

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