On January 1, 20X1, the Husky Corporation acquired 90% of the Spartan Company’s voting stock for $2,700,000. Spartan’s n

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On January 1, 20X1, the Husky Corporation acquired 90% of the
Spartan Company’s voting stock for $2,700,000. Spartan’s net assets
had a book value of $2,450,000; the fair value of Spartan’s
building was $325,000 greater than its book value. The book value
of Husky’s net assets immediately after the acquisition of Spartan
totaled $6,850,000. What is total stockholders’ equity on the
January 1, 20X1 consolidated balance sheet?
$9,300,000
$6,850,000
$7,150,000
$7,120,000