Parkovash, Incorporated, obtained $100$ percent of Salerno Company's common stock on January $1,2023,$ by issuing $9,800$ shares of

$$10$ par value common stock. Parkovash's shares had a $$15$ per share fair value. On that date, Salerno reported a net book value of

$$106,600.$ However, its equipment $($with a $5-$year remaining life$)$ was undervalued by $$9,200$ in the company's accounting records.

Also, Salerno had developed computer software with an assessed value of $$31,200,$ although no value had been recorded on

Salerno's books. The computer software had an estimated remaining useful life of $10$ years.

The following balances come from the individual accounting records of these two companies as of December $31,2023$:

The following balances come from the individual accounting records of these two companies as of December $31,2024$:

Required:

a$.$ What balance does Parkovash's Investment in Salerno account show on December $31,2024,$ when the equity method is applied?

b$.$ What is the consolidated net income for the year ending December $31,2024?$

c$-1.$ What is the consolidated equipment balance as of December $31,2024?$

c$-2.$ Would this answer be affected by the investment method applied by the parent?

d$.$ Prepare entry ${?}^{**}C$ for the beginning of the Retained Earnings account on a December $31,2024$ by using initial value, partial equity

and equity method.