Herbert, Inc., acquired all of Rambis Companys outstanding stock on January 1, 2014, for $580,000 in cash. Annual excess amortization of $17,900 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $455,000, and Rambis reported a $290,000 balance. Herbert reported internal net income of $55,000 in 2014 and $74,900 in 2015 and declared $10,000 in dividends each year. Rambis reported net income of $25,500 in 2014 and $45,400 in 2015 and declared $5,000 in dividends each year.

a.

Prepare entry *C for each of the following methods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Prepare entry *C if the parent used the intial value method 2.Prepare entry *C if the parent used the partial equity method 3.Prepare entry *C if the parent used the equiy method