Miller Company acquired an $80$ percent interest in Taylor Company on January $1,2022.$ Miller paid $$800,000$ in cash to the owners of Taylor to acquire these shares. In addition, the remaining $20$ percent of Taylor shares continued to trade at a total value of $$200,000$ both before and after Miller$$s acquisition.

On January $1,2022,$ Taylor reported a book value of $$674,000($Common Stock $=$ $$337,000$; Additional Paid$-$In Capital $=$ $$101,100$; Retained Earnings $=$ $$235,900).$ Several of Taylor$$s buildings that had a remaining life of $20$ years were undervalued by a total of $$89,800.$

During the next three years, Taylor reports income and declares dividends as follows:

Year Net Income Dividends

$2022$ $ $79,000$ $ $11,500$

$2023103,50017,400$

$2024115,90023,300$

Required:

Determine the appropriate answers for each of the following questions:

A$.$ On the separate financial records of the parent company, what amount of investment income would be reported for $2022$ under each of the following accounting methods?

The equity method.

The partial equity method.

The initial value method.

B$.$ On the parent company$$s separate financial records, what would be the December $31,2024,$ balance for the Investment in Taylor Company account under each of the following accounting methods?

The equity method.

The partial equity method.

The initial value method.

C$.$ As of December $31,2023,$ Miller$$s Buildings account on its separate records has a balance of $$932,000$ and Taylor has a similar account with a $$349,500$ balance. What is the consolidated balance for the Buildings account?

D$.$What is the balance of consolidated goodwill as of December $31,2024?$