Equity on the acquisition date. Of that excess, 5240,000 was assigned to an unirecorded patent owned by the subsid ary that is being amortized over a 10-year period. The (A) Parent asset has been amortized as part of the parent's equity method accounting. The remaining s120,000 was assigned to Goodwill, in 2021, the wholly owned subsidiary sold Land to the parent for s144,000. The Land was reported on the subsidiary's balance sheet for 596,000 on the date of sale. The parent uses the equity method to account for its Equity investment. Financial statements of the parent and its subsidiary for the year ended December 31,2022 are presented in d. below. a. Show the computation to yield the 560,000 of income (loss) from subsidiary reported by the parent for the year ended December 31,2022 Notes Use a negative sign with an answer to indicate a reduction in the computation b. Show the computabion to yleld the $636,000 Equity imvestment account balance reported by the parent on December 31,2022 Note: Use anegative sign with an answer to indicate a reduction in the computabion. c. Prepare the consolidation entries for the vear ended December 31.2022 , Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Check Equity on the acquisition date. Of that excess, 5240,000 was assigned to an unirecorded patent owned by the subsid ary that is being amortized over a 10-year period. The (A) Parent asset has been amortized as part of the parent's equity method accounting. The remaining s120,000 was assigned to Goodwill, in 2021, the wholly owned subsidiary sold Land to the parent for s144,000. The Land was reported on the subsidiary's balance sheet for 596,000 on the date of sale. The parent uses the equity method to account for its Equity investment. Financial statements of the parent and its subsidiary for the year ended December 31,2022 are presented in d. below. a. Show the computation to yield the 560,000 of income (loss) from subsidiary reported by the parent for the year ended December 31,2022 Notes Use a negative sign with an answer to indicate a reduction in the computation b. Show the computabion to yleld the $636,000 Equity imvestment account balance reported by the parent on December 31,2022 Note: Use anegative sign with an answer to indicate a reduction in the computabion. c. Prepare the consolidation entries for the vear ended December 31.2022 , Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Check