Haynes, Inc., obtained 100 percent of Turner Company's common stock on January 1, 2017, by issuing 11,800 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 $133,850. However, its equipment (with a five-year remaining life) was undervalued by $5,650 in the company's accounting records. Also, Turner had developed a customer list with an assessed value of $37,500, although no value had been recorded on Turner's books. The customer list had an estimated remaining useful life of 10 years. The following balances come from the individual accounting records of these two companies as of December 31, 2017: Haynes (716,000) 458,000 Not given 130,000 Turner $ (324,000) Revenues 132,000 Expenses Investment income Dividends declared 90,000 The following balances come from the individual accounting records of these two companies as of December 31, 2018: aynes $ (906,000) Turner $(393,250) 168,800 Revenues 485,800 Not given 150,000 573,000 Expenses Investment income Dividends declared 0 70,000 322,000 Equipment a. What balance does Haynes's Investment in Turner account show on December 31, 2018, when the equity method is applied? b. What is the consolidated net income for the ending December 31, 2018? c-1. What is the consolidated equipment balance as of December 31, 2018? c-2. Would this answer be affected by the investment method applied by the parent? d. Prepare entry *C for the beginning of the Retained Earnings account on a December 31, 2018 by using initial value, partial equity and equity method. a. What balance does Haynes's Investment in Turner account show on December 31, 2018, when the equity method is applied? b. What is the consolidated net income for the year ending December 31, 2018? c-1. What is the consolidated equipment balance as of December 31, 2018? c-2. Would this answer be affected by the investment method applied by the parent? Show less A a. Investment in Turner account Consolidated net income Consolidated equipment c-1 Would this answer be affected by the investment method applied by the parent? c-2. | Under each of the following situations, what is Entry *C on a 2018 consolidation worksheet? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) The parent uses the equity method. The parent uses the partial equity method The parent uses the initial value method Show less A