Herbert, Inc., acquired all of Rambis Companys outstanding stock on January 1, 2014, for $609,000 in cash. Annual excess amortization of $17,600 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $427,000, and Rambis reported a $239,000 balance. Herbert reported internal net income of $48,000 in 2014 and $59,500 in 2015 and declared $10,000 in dividends each year. Rambis reported net income of $28,000 in 2014 and $39,500 in 2015 and declared $5,000 in dividends each year.

Assume that Herberts internal net income figures above do not include any income from the subsidiary.

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.)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