32. Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mergaronite's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Hill Mergaronite $(250,000) 100,000 280,000 120,000 Not given (900,000) Cost of goods sold Depreciation expense Investment income 50,000 NA (600,000) 40,000 690,000 130,000 Dividends declared. 200,000 300,000 90,000 Land 140,000 250,000 500,000 Buildings net) Equipment (net) 200,000 (400,000) (300,000) (50,000) (3 10,000) (40.000) (160,000) Liabilities... Common stock.. .. Assume that Mergaronite took over Hill on January 1, 2014, by is suing 7,000 shares of common stock having a par value of $10 per share but a fair value of $100 each. On January 1, 2014, Hill's land was undervalued by $20,000, its buildings were overvalued by $30,000, and equipment was undervalued by $60,000. The buildings had a 10-year remaining life; the equipment had a 5-year remaining life. A customer list with an appraised value of S100,000 was developed internally by Hill and was to be written off over a 20-year period. a. Determine and explain the December 31, 2018, consolidated totals for the following accounts: Amortization ExpenseCustomer List Buildings Equipment Revenues Cost of Goods Sold Common Stock Additional Paid-In Capital Depreciation Expense b. In requirement (a), why can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary? c. If the parent uses the equity method, what consolidation entries would be used on a 2018 worksheet