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Miller Company acquired an 80 percent interest in Taylor Company on January 1,2019. Miller paid $936,000 in cash to the owners of Taylor to acquire

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Miller Company acquired an 80 percent interest in Taylor Company on January 1,2019. Miller paid $936,000 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 vatue of $234,000 both before and after Miller's acquisition. On January 1, 2019, Taylor reported a book value of $462,000 (Common Stock $231,000; Additional Paid In Capital = 569,300 ; Retained Earnings = $161,700). Several of Taylor's bulidings that had a remaining life of 20 years were undervalued by a total of $61.600. During the next three years, Taylor reports income and declares dividends as follows: Determine the appropriate answers for each of the following questions: a. What amount of excess depreciation expense should be recognized in the consolidated financial statements for the inital years following this acquisition? b. If a consolidated balance sheet is prepared as of January 1,2019 , what amount of goodwill should be recognized? c. If a consolidation worksheet is prepared as of January 1, 2019, what Entry S and Entry A should be included? d. On the separate financial records of the parent company, what amount of investment income would be reported for 2019 under each of the following accounting methods? - The equity method. - The partial equity method. - The initial value method. e. On the parent company's separate financial records, what would be the December 31,2021 , batance for the investment in Toylor Company account under each of the following accounting methods

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