Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2019. 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 Millers acquisition.

On January 1, 2019, Taylor reported a book value of $674,000 (Common Stock = $337,000; Additional Paid-In Capital = $101,100; Retained Earnings = $235,900). Several of Taylors 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
2019	$	79,000		$	11,500
2020		103,500			17,400
2021		115,900			23,300

Determine the appropriate answers for each of the following questions:

1. 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.

2. As of December 31, 2020, Millers 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?

3. What is the balance of consolidated goodwill as of December 31, 2021?

Please put your answers in text format and not hand written. The last person that I had a hand written answer for on this same problem, I could not understand their answer.

Req A and B Reqc Reg D and E Req F and G ReqH 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? e. On the parent company's 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? Show less d. Investment Income e. Investment Balance The equity method The partial equity method The initial value method $ $ 59,608 63,200 9,200 Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D and E Req F and G ReqH f. As of December 31, 2020, 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? g. What is the balance of consolidated goodwill as of December 31, 2021? f. Consolidated balance g. Consolidated balance Req A and B Reqc Reg D and E Req F and G ReqH 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? e. On the parent company's 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? Show less d. Investment Income e. Investment Balance The equity method The partial equity method The initial value method $ $ 59,608 63,200 9,200 Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D and E Req F and G ReqH f. As of December 31, 2020, 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? g. What is the balance of consolidated goodwill as of December 31, 2021? f. Consolidated balance g. Consolidated balance