Foxx Corporation acquired all of Greenburg Company's outstanding stock on January 1, 2016, for $662,000 cash. Greenburg's accounting records showed net assets on that date of $490,000, although equipment with a 10 year life was undervalued on the records by $99.500. Any recognized goodwill is considered to have an indefinite life. Greenburg reports net income in 2016 of $106.000 and 5133.000 in 2017. The subsidiary declared dividends of $20,000 in each of these two years Account balances for the year ending December 31, 2018, follow. Credit balances are indicated by parentheses Greenburg 5 (764,060) 191,00e 406,00 Revenues Cost of goods sold Depreciation expense Investment income Net Income Retained earnings, 1/1/18 Net Income Dividends declared Retained earnings, 12/31/18 Current assets Investment in subsidiary Equipment (net) Buildings (net) Land Total assets Liabilities Common stock Retained earnings Total liabilities and equity Fox $ (912,00) 114,000 370.000 (20,000 5 (448,000) $(1,204,000) (448,000) 120.000 5(1,532,000) $ 342,000 662,000 1,094,000 922,000 780,000 $ 3,728,000 5(1,296,000 (900,000) 2.532.000 $(3,728,000) $ (167,690) $ (389,000 (167,000 20.ece $ (536,000) $ 103,00 640,000 412,000 142.ee $ 1,302,000 $ (466,000) (308,000) (536.000 5(1,302,000) a. Determine the December 31, 2018, consolidated balance for each of the following accounts: Depreciation Expense Dividends Declared Revenues Equipment Buildings Goodwill Common Stock Prev 1 of 1 Next 1 Equipment 10 points b. How does the parent's choice of an accounting method for its investment affect the balances computed in requirement (a)? c. Which method of accounting for this subsidiary is the parent actually using for internal reporting purposes? d. Determine parent's investment income for 2018 under partial equity method and equity method. e. What would be Foxx's balance for retained earnings as of January 1, 2018, if each of the following methods had been in use? Initial value method. Partial equity method. Equity method. X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Red Band Reg D and E Determine the December 31, 2018, consolidated balance for each of the following accounts: Consolidated Balances Depreciation expense $ 789,600 Dividends declared $ 120,000 Revenues $ 1.400.000 Equipment $ 1,563.000 Buildings $ 1,334.000 Goodwill $ 72.500 Common stock $ 900.000 Req Bandc >