What amount of total assets will appear in the consolidated balance sheet at December 31, 2016?

$4,382,400

$3,830,400

$4,062,400

$4,190,400

Please show work how to get this answer

Assume that an investor acquired 100% of the voting common stock of an investee on January 1, 2009 in a transaction that qualifies as a business combination. As a result of the acquisition, the investor recognized no goodwill and no bargain purchase gain in the post-acquisition consolidated financial statements i.e., all of the resulting Acquisition Accounting Premium relates to identifiable net assets). The investor uses the equity method to account for its pre-consolidation investment in the investee. In addition, there are no intercompany transactions between the investor and investee. The following summarized pre-consolidation financial statement information is for the year ending December 31, 2016: Income Statement Investor Investee $1,920,000 $256.000 120,000 Income from Investee Expenses Consolidated net income NCI (1.280,000) (128.000) 760,000 128,000 $760,000 $128.000 Net income Statement of Retained Earnings Retained earnings. January 1 Net income Dividends declared $601,600 $32.000 760,000 128,000 (51,200) (32.000) 1,310,400 $128.000 Retained earnings. December 31 Balance Sheet Investment in Investee All other assets $232.000 $0 3.830,400 320,000 4,062.400 $320.000 Total assets Liabilities Common stock and additional paid-in capital 640,000 64,000 Retained earnings Total liabilities and equity $2.112,000 $128,000 1.310,400 128.000 $4,062,400 $320,000