Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2018. Several of Mergaronite's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Morn ren | Ravenues $ (602,000) $ (240,000) Cost of goods sold 260.000 114,000 Depreciation expense 120,000 44,000 Investment income NA NA Hatained earnings, 1/1/18 1892,000) (602,000) Dividends declared 120.000 44,000 Current assets 200,000 662,000 Land 318.000 94,000 Thuildings (net) 500,000 140,000 Yquipment (net) 194,000 248.000 Liabilities (390,000) (320,000) Common stock (294,000) (36,000) Additional paid-in capital (54,000) (908,000) Assume that Mergaronite took over Hill on January 1, 2014 by issuing 7600 shares of common stock having a par value of $10 per share but a fair value of $100 each. On January 1, 2014, Hul's land was undervalued by $19,800, its buildings were overvalued by $29,200, and equipment was undervalued by $61,800. The buildings had a 10-year remaining life; the equipment had a 5-year remaining life. A customer list with an appraised value of $94.000 was developed internally by Hill and was to be written off over a 20- year period a. Determine the December 31, 2018, consolidated totals for the following accounts: b. In requirement (a). can the consolidated totals be determined without knowing which method the parent used to account for the c. If the parent uses the equity method, what consolidation entries would be used on a 2018 worksheet? Complete this question by entering your answers in the tabs below. Required A Required Required Pred 1 of 1 Next a. Determine the December 31, 2018, consolidated totals for the following accounts: b. In requirement (a), can the consolidated totals be determined without knowing which method the par subsidiary? c. If the parent uses the equity method, what consolidation entries would be used on a 2018 worksheet Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the December 31, 2018, consolidated totals for the following accounts: Totals Revenues Cost of goods sold Depreciation expense Amortization expense Buildings Equipment Customer list Common stock Additional paid-in capital Required B > share but a fair value of $100 each. On January 1, 2014, Hill's land was undervalued by $19,800, its buildings wer $29,200, and equipment was undervalued by $61,800. The buildings had a 10-year remaining life; the equipmen remaining life. A customer list with an appraised value of $94,000 was developed internally by Hill and was to be year period a. Determine the December 31, 2018, consolidated totals for the following accounts: b. In requirement (a),can the consolidated totals be determined without knowing which method the parent used to subsidiary? c. If the parent uses the equity method, what consolidation entries would be used on a 2018 worksheet? Complete this question by entering your answers in the tabs below. Required A Required B Required c In requirement (a), can the consolidated totals be determined without knowing which method the parent used to account fo the subsidiary? Consolidated totals Prepare Entry 5 to eliminate the beginning stockholders' equity of the subsidiary. Note: Enter debits before credits. Event Account Debit S Credit Record entry Clear entry view general Journal Prepare Entry A to recognize the unamortized allocation balances as of the beginning of the current year. Note: Enter debits before credits. Event Account A Debit Credit Record entry Clear entry view general journal