Haynes, Inc., obtained 100 percent of Turner Company's common stock on January 1, 2014, by issuing 10700 shares of $10 par value common stock. Haynes's shares had a$15 per share fair value. On thatdate, Turner reported a netbook value of$114,B00. However, its equipment (with a frve-year remaining life) was undervalued by $8800 in the company's accounting records. Also, Turner had developed a customer list with an assessed value of $36,900, although no value had been recorded on Turner's books. The customer list had an estimated remaining useful life of 10 years The following figu from the individual accou records of these two companies as ofDecember 31.2014 $(000,000) $(375,000 450.000 207,000 Investmentincome Dividends declared 110.000 The following figures come from the individual accounting records of these two companies as of December 31, 2015 Revenues $(831,000) $(440,000) 477 600 242,500 ent income given Dividends declared 20,000 60.000 Equipment 546,000 300.000 a. What balance does Haynes s Investment in Turner account show on December 31, 2015, when the equity method is applied? b. What is the consolidated netincome for the year ending December 31, 2015? ated net income