Following are selected accounts for Mergaronlte Company and Hll, Inc., as of December 31, 2018. Several of Mergaronlte's accounts have been omitted. Credit balances are Indicated by parentheses. DIvidends were declared and pald In the same perlod. Mergaronite Hill $ (618,eee) Revenues (248,000) 118,eee 56, , 102,eee Cost of goods sold Depreciation expense Investment income NA NA (580, eee) Retained earnings, 1/1/18 (882,eee) Dividends declared 124,eee 42,eee 7ee, eee 96, 134,eee Current assets 184, eee Land 308, eee 484,eee 200,eee (414, eee) (288,eee) (42,eee) Buildings (net) Equipment (net) 246,eee (310, eee) (40,eee) (906,0e0) Liabilities Common stock Additional paid-in capital Assume that Mergaronite took over Hll on January 1, 2014, by Issuing 6,600 shares of common stock having a par value of $10 per share but a falr value of $100 each. On January 1, 2014, Hill's land was undervalued by $20,600, Its bulldings were overvalued by $28,000, and equipment was undervalued by $61,400. The buildings had a 10-year remalning life; the equipment had a 5-year remaining life. A customer list with an appralsed value of $90,000 was developed Internally by Hll and was to be written off over a 20- year perlod. a. Determine the December 31, 2018, consolidated totals for the following accounts: b. In requirement (a), can the consoldated totals be determined without knowing which method the parent used to account for the subsidiary? c. If the parent uses the equity method, what consollidation entries would be used on a 2018 worksheet? 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 In requirement (a), can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary? Consolidated totals Required A Required B Required C If the parent uses the equity method, what consolidation entries would be used on a 2018 worksheet? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries 1 2 3 4 5 Prepare Entry S to eliminate the beginning stockholders' equity of the subsidiary. Note: Enter debits before credits Event Account Debit Credit S Record entry Clear entry view general journal