hello I got the answers but want to check about b) and d).. why we not add the affect of the fair value (7000- 1600). also in c) .. normally the equity in the subsidiary should = 0 as the investment recorded by the parent is eliminated and replace by adding subsidiary's revenue and expenses to the consolidated totals.

Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2019, for $200,000 in cash. Jasmine had a book value of only $140,000 on that date. However, equipment (having an 8-year remaining life) was undervalued (fair value> book value) by $56,000 on Jasmine's financial records. A building with a 10-year remaining life was overvalued (fair value