Can you help me with this question thanks

Adams, Inc., acquires Clay Corporation on January 1, 2017, in exchange for $676,400 cash. Immediately after the acquisition, the two companies have the following account balances. Clay's equipment (with a five-year remaining life) is actually worth $519,800. Credit balances are indicated by parentheses Adams Clay $ 422,000 317,000 676,400 697,800 Current assets Investment in Clay Equipment Liabilities Common stock Retained earnings, 1/1/17 470,000 (259,000) (173,000) (350,000) (150,000) (1,187,200) (464,000) In 2017, Clay earns a net income of $78,900 and declares and pays a $5,000 cash dividend. In 2017, Adams reports net income from its own operations (exclusive of any income from Clay) of $162,000 and declares no dividends. At the end of 2018, selected account balances for the two companies are as follows Clay 189,000 (537,900) Adams $ (546,000) $ (252,000) Revenues Expenses Investment income Retained earnings, 1/1/18 Dividends declared Common stock Current assets Investment in Clay Equipment Liabilities 395,850 Not given Not given 8,000 379,700 521,600 (350, 000) (150,000) 785,000 Not given 591,800 (204,700) (117,200) a. What are the December 31, 2018, Investment Income and Investment in Clay account balances assuming Adams uses the Equity method Initial value method b. How does the parent's internal investment accounting method choice affect the amount reported for expenses in its c. How does the parent's internal investment accounting method choice affect the amount reported for equipment in its d. What is Adams's January 1, 2018, Retained Earnings account balance assuming Adams accounts for its investment in Clay December 31, 2018, consolidated income statement? December 31, 2018, consolidated balance sheet? usina the