33. On January 1, 2016, Telconnect acquires 70 percent of Bandmor for $490,000 cash. The remaining 30 percent of Bandmor's shares continued to trade at a total value of $210,000. The new subsidiary reported common stock of $300,000 on that date, with retained earnings of $180,000. A patent was undervalued in the company's financial records by $30,000. This patent had a five-year remaining life. Goodwill of $190,000 was recognized and allocated proportionately to the controlling and noncontrolling interests. Bandmor earns net income and declares cash dividends as follows: Year Net Income Dividends 2016 $ 75,000 $39,000 2017 96,000 44,000 2018 110,000 60,000 On December 31, 2018, Telconnect owes $22,000 to Bandmor.

a. If Telconnect has applied the equity method, what consolidation entries are needed as of Decem- ber 31, 2018?

b. If Telconnect has applied the initial value method, what Entry *C is needed for a 2018 consolidation?

c. If Telconnect has applied the partial equity method, what Entry *C is needed for a 2018 consolidation?

d. What noncontrolling interest balances will appear in consolidated financial statements for 2018?