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1. separate 2020 financial statements for Parent and Subsidiary are presented below. Subsidiary issued dividends of $25,000 to parent in 2020. Required: a. Prepare the

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1. separate 2020 financial statements for Parent and Subsidiary are presented below. Subsidiary issued dividends of $25,000 to parent in 2020. Required: a. Prepare the journal entry to record the investment in the subsidiary. b. Show the computation of Equity Income for 2020. c. Show the computation of Equity Investment at December 31, 2020. d. Prepare the 2020 consolidation worksheet. 1. separate 2020 financial statements for Parent and Subsidiary are presented below. Subsidiary issued dividends of $25,000 to parent in 2020. Required: a. Prepare the journal entry to record the investment in the subsidiary. b. Show the computation of Equity Income for 2020. c. Show the computation of Equity Investment at December 31, 2020. d. Prepare the 2020 consolidation worksheet

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