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please prepare all steps obtained 100 percent of Tumer Company's common stock on January 1, 2020, by issuing 8,400 shares of 'S 10 par value

please prepare all steps
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obtained 100 percent of Tumer Company's common stock on January 1, 2020, by issuing 8,400 shares of 'S 10 par value common stock. Haynes's shares had aS15 per share fair value. On that date, Tumer reported a net book value of 578,850 . However, its equipment (with a five-year remaining life) was undervalued by 59,450 in the company's accotinting records. Also, Tumer had developed a customer list with an assessed value of $37,700, althoughi no value had been recorded on Tumer's books. The customer list 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 31,2020 : The following balances come from the individual accounting records of these two companies as of December 31, 2021: 1. a. What balance does Haynes's Investment in Turner account show on December 31, 2021, when the equity method is applied? 2. b. What is the consolidated net income for the year ending December 31,2021 ? 3. c-1. What is the consolidated equipment balance as of December 31,2021 ? 4. c-2. Would this answer be affected by the investment method applied by the parent? 5. d. Prepare entry C for the beginning of the Retained Earnings account on a December 31,2021 by using initial value, partial equity and equity method

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