Herbert, Inc., acquired all of Rambis Company$$s outstanding stock on January $1,2020,$ for $$599,000$ in cash. Annual excess amortization of $$17,000$ results from this transaction. On the date of the takeover, Herbert reported retained earnings of $$486,000,$ and Rambis reported a $$220,000$ balance. Herbert reported internal net income of $$41,000$ in $2020$ and $$55,600$ in $2021$ and declared $$10,000$ in dividends each year. Rambis reported net income of $$27,500$ in $2020$ and $$42,100$ in $2021$ and declared $$5,000$ in dividends each year.

Under each of the following situations, what is Entry $*$C on a $2021$ consolidation worksheet?

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method.