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