Haynes, Inc., obtained 100 percent of Turner Company's common stock on January 1, 2014, by issuing 11,100 shares of $10 par value common stock. Haynes's shares had a $15 per share fair value. On that date, Turner reported a net book value of $128,150. However, its equipment (with a five-year remaining life) was undervalued by $5,950 in the company's accounting records. Also, Turner had developed a customer list with an assessed value of $32,400, although no value had been recorded on Turner's books. The customer list had an estimated remaining useful life of 10 years. The following figures come from the individual accounting records of these two companies as of December 31, 2014: Revenues Expenses Investment income Dividends declared Haynes $(713,000) 535,000 Not Turner S(327,000) 139,000 0 given 90,000 90,000 The following figures come from the individual accounting records of these two companies as of December 31, 2015 Haynes s(869,000) 564,400 Not given 110,000 597,000 Turner (381,000) 177,600 Revenues Investment income Dividends declared Equipment 80,000 371,000 a. What balance does Haynes's Investment in Turner account show on December 31, 2015, when the equity method is applied? Investment in Turner account b. What is the consolidated net income for the year ending December 31, 2015? ted net income c-1. What is the consolidated equipment balance as of December 31, 2015? ted equipment c-2. Would this answer be affected by the investment method applied by the parent? No Yes d. Prepare entry "C for each of the following methods. (If no entry is required for a transaction/event