Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019 Miller paid $784,000 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 $196,000 both before and after Millers acquisition On January 1, 2019, Taylor reported a book value of $768,000 (Common Stock $384,000 Additional Paid In Capital $115,200 Retained Earnings $268,800) Several of Taylors buildings that had a remaining life of 20 years were undervalued by a total of $102,500 During the next three years, Taylor reports income and declares dividends as follows Year Net Income Dividends 2019 $ 90,200 $ 13,100 2020 117,900 19,700 2021 131,300 26,300 Determine the appropriate answers for each of the following questions On the parent companys separate financial records, what would be the December 31, 2021, 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 As of December 31, 2020, Millers Buildings account on its separate records has a balance of $1,052,000 and Taylor has a similar account with a $394,500 balance What is the consolidated balance for the Buildings account What is the balance of consolidated goodwill as of December 31, 2021 Assume that the parent company has been applying the equity method to this investment On December 31, 2021, the separate financial statements for the two companies present the following information

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Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $784,000 in cash to the owners of Taylor to

Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. Miller paid $784,000 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 $196,000 both before and after Millers acquisition. On January 1, 2019, Taylor reported a book value of $768,000 (Common Stock = $384,000; Additional Paid-In Capital = $115,200; Retained Earnings = $268,800). Several of Taylors buildings that had a remaining life of 20 years were undervalued by a total of $102,500. During the next three years, Taylor reports income and declares dividends as follows: Year Net Income Dividends 2019 $ 90,200 $ 13,100 2020 117,900 19,700 2021 131,300 26,300 Determine the appropriate answers for each of the following questions:

On the parent companys separate financial records, what would be the December 31, 2021, 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.

As of December 31, 2020, Millers Buildings account on its separate records has a balance of $1,052,000 and Taylor has a similar account with a $394,500 balance. What is the consolidated balance for the Buildings account?
What is the balance of consolidated goodwill as of December 31, 2021?
Assume that the parent company has been applying the equity method to this investment. On December 31, 2021, the separate financial statements for the two companies present the following information: