On January 1, 2021, Platini Company acquired 80% of the common stock of Maldini Company for $560,000. On this date, Maldini had total owners' equity of $540,000, including retained earnings of $240,000. During 2021, Maldini had net income of $60,000 and paid no dividends. Any excess of cost over book value is attributable to land, undervalued $10,000, and goodwill. On January 1, 2022, Platini held merchandise acquired from Maldini for $10,000. During 2022, Maldini sold merchandise to Platini for $100,000, of which $20,000 is held by Platini on December 31, 2022. Maldini's usual gross profit on affiliated sales is 40%. On December 31, 2022, Platini still owes Maldini \$20,000 for merchandise acquired in December. On January 1, 2022, Platini sold to Maldini some equipment with a cost of $50,000 and a book value of $20,000. The sales price was $40,000. Maldini is depreciating the equipment over a five-year life, assuming no salvage value and using the straight-line method. As at December 31, 2022, the trial balances of Platini and Maldini are provided on the next page. Required: i) Which method is being used by Platini to account for its investment in Maldini? Provide 2 reasons to justify your selection. ii) Prepare and complete the worksheet for consolidated financial statements for the year ended December 31, 2022. Prepare all supporting schedules. Round all computations to the nearest dollar. Trial Balances