Item$13$pointsPrintReferencesItem $1$Problem $3-5($Algo$)($LO $3-1)$Paar Corporation bought $100$ percent of Kimmel, Incorporated, on January $1,2021.$ On that date, Paars equipment $(10-$year remaining life$)$ has a book value of $$407,500$ but a fair value of $$534,500.$ Kimmel has equipment $(10-$year remaining life$)$ with a book value of $$287,000$ but a fair value of $$414,000.$ Paar uses the equity method to record its investment in Kimmel. On December $31,2023,$ Paar has equipment with a book value of $$285,250$ but a fair value of $$445,950.$ Kimmel has equipment with a book value of $$200,900$ but a fair value of $$377,700.$ What is the consolidated balance for the Equipment account as of December $31,2023?$Multiple Choice$$575,050$$$613,150$$$486,150$$$823,650$