I'm having trouble with Required C. It only needs one entry.

Herbert, Inc., acquired all of Rambis Company's outstanding stock on January 1, 2017 for $574,000 in cash. Annual excess amortization of $12,000 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $400,000, and Rambis reported a $200,000 balance. Herbert reported internal net income of $40,000 in 2017 and $50,000 in 2018 and declared $10,000 in dividends each year. Rambis reported net income of $20,000 in 2017 and $30,000 in 2018 and declared $5,000 in dividends each year. a. Assume that Herbert's internal net income figures above do not include any income from the subsidiary. . If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2018? What would be the amount of consolidated retained earnings on December 31, 2018, if the parent had applied either the initial value or partial equity method for internal accounting purposes? b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018? The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. c. Under each of the following situations, what is Entry 'C on a 2018 consolidation worksheet? The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Assume that Herbert's internal net income figures above do not include any income from the subsidiary. If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2018? What would be the amount of consolidated retained earnings on December 31, 2018, if the parent had applied either the initial value or partial equity method for internal accounting purposes? Show less Consolidated retained earnings (equity method) Consolidated retained earnings (initial value method) Consolidated retained earnings (partial equity method) 496,000 $ 496,000 PS 496,000 Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required c Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018? The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. Show less Equity method Partial equity method Initial value method Investment $ 577,000 $ 589,000 $ 574,000 Consolidation Worksheet Entries 2 3 Prepare entry *C if the parent used the equity method. Note: Enter debits before credits. Accounts Debit Dobit Credit Date January 01, 2018 Record entry Clear entry view consolidation entries Consolidation Worksheet Entries 1 Prepare entry *C if the parent used the partial equity method. Note: Enter debits before credits. Accounts Debit Credit Date January 01, 2018 STT Record entry Clear entry view consolidation entries Consolidation Worksheet Entries