Parent Subsidiary Revenues $(1,740,000) $(950,000)...

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Question

Accounting

Parent

Subsidiary

Revenues

$(1,740,000)

$(950,000)

Cost of goods sold

820,000

500,000

Depreciation expense

104,000

85,000

Amortization expense

220,000

120,000

Interest expense

20,000

15,000

Equity in earnings of Subsidiary

(124,000)

0

Net income

$(700,000)

$(230,000)

Retained earnings, 1/1/Y3

$(2,800,000)

$(345,000)

Net income

(700,000)

(230,000)

Dividends declared

200,000

25,000

Retained earnings, 12/31/Y3

$(3,300,000)

$(550,000)

Cash

$535,000

$115,000

Accounts receivable

575,000

215,000

Inventory

990,000

800,000

Investment in Subsidiary

1,420,000

0

Buildings and asset(s)

1,025,000

863,000

Patents

950,000

107,000

Total assets

$5,495,000

$2,100,000

Accounts payable

$(450,000)

$(200,000)

Notes payable

(545,000)

(450,000)

Common stock

(900,000)

(800,000)

Additional paid-in capital

(300,000)

(100,000)

Retained earnings, 12/31/18

(3,300,000)

(550,000)

Total liabilities and stockholders equity

$(5,495,000)

$(2,100,000)

Using the information above please help me find ending investment balances of Parent investment in subsidiary and NCIs investment in Subsidiary

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