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3. Using the preceding information, prepare a consolidation worksheet for these two companies as of December 31, 2021' b. Assuming that Michael applied the equity
3. Using the preceding information, prepare a consolidation worksheet for these two companies as of December 31, 2021' b. Assuming that Michael applied the equity method to this investment, what would the following account balances be on the parent's individual financial statements? Complete this question by entering your answers in the tabs below. Required A Required B Assuming that Michael applied the equity method to this investment, what would the following account balances be on the parent's individual financial statements? Equity in Earnings oanron 12/31/21 Retained earnings, 1/1/21 Investment in Aaron 12/31/21 Retained earnings, 12/31l21
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