Assume an investee has the following financial statement information for the three years ending December $31,2013$:

$($At December $31)201120122013$Current assets$$310,500$$$416,550$$$428,205$Tangible fixed assets$844,500861,450992,595$Intangible assets$75,00067,50060,000$Total assets$$1,230,000$$$1,345,500$$$1,480,800$Current liabilities$$150,000$$$165,000$$$181,500$Noncurrent liabilities$330,000363,000399,300$Common stock$150,000150,000150,000$Additional paid$-$in capital$150,000150,000150,000$Retained earnings$450,000517,500600,000$Total liabilities and equity$$1,230,000$$$1,345,500$$$1,480,800$

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$($At December $31)201120122013$Revenues$$1,275,000$$$1,380,000$$$1,455,000$Expenses$1,162,5001,260,0001,314,000$Net income$$112,500$$$120,000$$$141,000$Dividends$$37,500$$$52,500$$$58,500$

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Review of pre$-$consolidation equity method $($controlling investment in affiliate, fair value differs from book value$)$

Assume that on January $1,2011,$ an investor company purchased $100\%$ of the outstanding voting common stock of the investee. On the date of the acquisition, the investee's identifiable net assets had fair values that approximated their historical book values, except for tangible fixed assets, which had fair value that was $$150,000$ higher than the investee's recorded book value. The tangible fixed assets had a remaining useful life of $10$ years. In addition, the acquisition resulted in goodwill in the amount of $$300,000$ recognized in the consolidated financial statements of the investor company. Assuming that the investor company uses the equity method to account for its investment in the investee, what is the balance in the "investment in investee" account in the investor company's pre$-$consolidation balance sheet on December $31,2013?$

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a$.$How much Income $($loss$)$ from subsidiary should the parent report in its pre$-$consolidation$$income statement the year ending $2019$ assuming that it uses the equity method of accounting for$$its Equity Investment?

b$.$ Prepare the required $[$I$]$ consolidation journal entries for $2019.$