CPA-08497Bard Co. owned several subsidiaries at December 31. The following table shows each subsidiary's total liabilities, excluding intercompany transactions, and percentage of stock owned by Bard:SubsidiaryTotal liabilities% ownedBrock Co.USD 4,000,00070Harlson Co.2,000,00048Porter Co.7,000,00080Nortin Co.5,000,000100What amount should Bard include as liabilities in its consolidated balance sheet at December 31?
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