Plug Corporation holds 80 percent of Socket Companys common stock. The following balance sheet data are presented for December 31, 20X7: Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Investment in Socket Company Total Assets Accounts Payable Bonds Payable Preferred Stock ($100 par value) Common Stock (SIO par value) Retained Earnings Total Liabilities & Equities Plug Corporation s 100,000 150,000 300,000 100,000 2,250,000 (850,000) 600 ooo $2.650.ooo S 200,000 800,000 650,000 Socket C ompany s 90,000 220,000 300,000 290,000 900,000 (250,000) $1.550.ooo S 100,000 500,000 200,000 400,000 350,000