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Determining ending consolidated balances in the third year following the acquisitionCost method

Assume a parent company acquired a subsidiary on January 1, 2017, for $1,100,000. The purchase price was $750,000 in excess of the subsidiarys $350,000 book value of Stockholders Equity on the acquisition date. Of this excess purchase price, $500,000 was assigned to Property, plant and equipment with a remaining economic useful life of 10 years, and $250,000 was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $80,000. The parent uses Investment cost method of pre-consolidation Equity investment bookkeeping. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows:

	Parent	Subsidiary			Parent	Subsidiary
Income statement:				Balance sheet:
Sales	$2,400,000	$950,000		Assets
Cost of goods sold	(1,300,000)	(560,000)		Cash	$1,000,000	$150,000
Gross profit	1,100,000	390,000		Accounts receivable	1,500,000	240,000
Investment income	50,000			Inventory	2,400,000	530,000
Operating expenses	(600,000)	(260,000)		Equity investment	1,100,000
Net income	$550,000	$130,000		Property, plant and equipment (PPE), net	4,000,000	1,000,000
					$10,000,000	$1,920,000
Statement of retained earnings:
BOY retained earnings	$1,500,000	$ 500,000		Liabilities and stockholders equity
Net income	550,000	130,000		Accounts payable	$1,000,000	$170,000
Dividends	(250,000)	(50,000)		Accrued liabilities	800,000	200,000
Ending retained earnings	$1,800,000	$ 580,000		Long-term liabilities	3,000,000	700,000
				Common stock	500,000	120,000
				APIC	2,900,000	150,000
				Retained earnings	1,800,000	580,000
					$10,000,000	$1,920,000

At what amount will the following accounts appear in the consolidated financial statements for the year ended December 31, 2019?

Account	Amount
a. Sales	3350000
b. Investment Income	0
c. Operating expenses	910000
d. Inventories	2930000
e. Equity investment	0
f. PPE, net	5400000 X wrong
g. Goodwill	250000
h. Common Stock	500000
i. Retained Earnings	2200000X wrong

it says the PPE,net is wrong and Retained earning is wrong????HELP

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