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first picture is information needed for second picture!
acquisition-date fair values. On the date of acquisition, Son reported the following: GashInventoryPlantAsseta(net)PropertyTotalAssets$350,000100,000320,000$1,270,000500,000 Corront Ilabulitios Commen stack Fetained Earninge Total Libailitios and Equity \$. 120,000 too.000 1,050,000 41,270,000 During the year Son Incorporate roported $310,000 in net income and declarced $15,000 in dividends. Parent Compary reported $520,000 in net iscome abd dactarud $25,000 in dividends. Parent accoounts for their investment using the equity method. What is Parent's balance in "Investment in Son Incorporate" prior to consolidation on December 31, 20X2? For the toolbar, press ALT+F10 (PO) or NLT+FN+F10 (Mac)
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