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Foxx Corporation acquired all of Greenburg Company's outstanding stock on January 1, 2016, for $863,000 cash. Greenburg's accounting records showed net assets on that date of $701,000, although equipment with a 10-year life was undervalued on the records by $86,500. Any recognized goodwill is considered to have an indefinite life Greenburg reports net income in 2016 of $136,000 and $103,500 in 2017. The subsidiary declared dividends of $20,000 in each of these two years. Account balances for the year ending December 31, 2018, follow. Credit balances are indicated by parentheses. ,000)(968,e80) 142,500 384,000 (28,888)8 Revenues $(1,140,000) (968,689) 242,000 414,800 Cost of goods sold Depreciation expense Investment income s (713,500) -1,288,000), (312,000) $ (4e6,eee) (312,009) Net income Retained earnings, 1/1/18 Net income Dividends declared (713,500) 120,0e028,808 $(1,881,500) (698,000) Retained earnings, 12/31/18 S 114,000 388,000 863,000 Current assets Investment in subsidiary Equipment (net) Buildings (net) Land 922,000 970,000 628 0011,900 $3,771,000 748,000 494,000 S 1,466,000 Total assets $(989,500)$ (468,000) (900,000) 881 509)(628,000) s (3,771,000) Liabilities Common stock Retained earnings Total l1abilities and equity (300,000) $(1,466,000) o. Determine the December 31, 2018, consolidated balance for each of the following accounts d. Determine parent's investment income for 2018 under partial equity method and equity metho e. What would be Foxx's balance for retained earnings as of January 1, 2018, if each of the follow Initial value method. . Partial equity method. . Equity method. Complete this question by entering your answers in the tabs below. Req A Req B and C Req D and E d. Determine parent's investment income for 2018 under partial equity method and equity method. e. What would be Foxx's balance for retained earnings as of January 1, 2018, if each of the following use? d. Investment Income Retained Earnings Initial value method 8,650 Partial equity method $ 103,500 8,650 $103,500 $ Equity method Req B and C