Compute the Equity Investment balance as of January 1, 2016. Show the computation to yield the $179,150 equity income reported by the parent for the year ended December 31, 2016. o not use negative signs with your answers. Subsidiary net income Less: Amortization ess: Depreciation $ Show the computation to yield the $1,730,550 Equity Investment account balance reported by the parent at December 31, 2016. o not use negative signs with your answers. Equity investment at 1/1/16 Plus: Less: Equity investment at 12/31/16 . Prepare the consolidation entries for the year ended December 31, 2016. Consolidation Journal Description Debit Credit C] Equity investment EJ Common Stock APIC AJ PPE, net Patent Licenses Compute the Equity Investment balance as of January 1, 2016. Show the computation to yield the $179,150 equity income reported by the parent for the year ended December 31, 2016. o not use negative signs with your answers. Subsidiary net income Less: Amortization ess: Depreciation $ Show the computation to yield the $1,730,550 Equity Investment account balance reported by the parent at December 31, 2016. o not use negative signs with your answers. Equity investment at 1/1/16 Plus: Less: Equity investment at 12/31/16 . Prepare the consolidation entries for the year ended December 31, 2016. Consolidation Journal Description Debit Credit C] Equity investment EJ Common Stock APIC AJ PPE, net Patent Licenses