The answer for equity method is:

Please help with initial value and partial equity method; thank you so much :(

B G D H M Company A acquired 100% of Company B's voting stock on January 1, 2018 by issuing 10,000 shares of its $10 par value common stock. Company A's common stock had a fair value of $14 per share at that time. Company B's stockholder's equity was $105,000 at date of acquisition. The trademark was undervalued by $10,000. It has an indefinite life. Equipment (with a 5 year life) was undervalued by $5,000. A customer list that had been created internally had an estimated useful life of 20 years was valued at $20,000. Following are the financial statements for the two companies for the year ending December 31, 2018. Credit balances are indicated by (parentheses). Complete the trial balance of A Company (calculate income of sub and investment in sub) by using the three different investing accounting methods; Equity, Intial Value, and Partial Equity (use individual tabs following problem) Then, continue by preparing a consolidated worksheet for year ended Dec. 31, 2018. Include your consolidation and elimination entries in journal form with the exam. A Company (485,000) 160,000 130,000 Revenues COGS Depreciation Exp B Company (190,000) 70,000 52,000 . Net Income (68,000) 9 (609,000) R/E, 1/1 Net income (above) Dividends paid R/E, 12/31 (40,000) (68,000) 40,000 (68,000) 175,500 Cash Trademark Buildings & Eqp (net) 268,000 427,500 713,000 17,000 58,000 161,000 Total Assets 236,000 Liabilities Common Stock (190,000) (600,000) (90,000) (103,000) (60,000) (5,000) (68,000) APIC R/E (above) B 140,000 105,000 35,000 1 Part A 2. Consideration Transferred 3 Less: Book value 4 Investment Balance at Dec 31 2018 5 5 Amortization: 7 Equipment B Trademark 9 Customer List 0 Total Life (Years) 5 Amortization 1,000 5,000 10,000 20,000 35,000 20 1,000 2,000 Consolidation Entries Debit Credit Income Statement Sales Cost of goods sold Depreciation expense Amortization expense Equity Income $68,000-$2,000 Net income A (485,000) 160,000 130,000 B (190,000) 70,000 52,000 1,000 1,000 66,000 Consolidated (675,000) 230,000 183,000 1,000 0 (261,000) (66,000) (261,000) (68,000) 40,000 Statement of Retained Earnings Retained earnings 1/1 Net income (above) Dividends declared Retained earnings 12/31 (609,000) (261,000) 175,500 (694,500) (40,000) (68,000) 40,000 (68,000) (609,000) (261,000) 175,500 (694,500) 40,000 Balance Sheet Cash Investment in Subs 17,000 268,000 166,000 285,000 0 40,000 105,000 35,000 66,000 1,000 713,000 427,500 161,000 58,000 Building and Equipment Trademark Customer List Total assets 5,000 10,000 20,000 878,000 495,500 19,000 1,677,500 1,000 1,574,500 236,000 Liabilities Common stock APIC Retained earnings 12/31 Total liabilities and equity (190,000) (600,000) (90,000) (694,500) 1,574,500 (103,000) (60,000) (5,000) (68,000) 236,000 60,000 5,000 (293,000) (600,000) (90,000) (694,500) 1,677,500 B G D H M Company A acquired 100% of Company B's voting stock on January 1, 2018 by issuing 10,000 shares of its $10 par value common stock. Company A's common stock had a fair value of $14 per share at that time. Company B's stockholder's equity was $105,000 at date of acquisition. The trademark was undervalued by $10,000. It has an indefinite life. Equipment (with a 5 year life) was undervalued by $5,000. A customer list that had been created internally had an estimated useful life of 20 years was valued at $20,000. Following are the financial statements for the two companies for the year ending December 31, 2018. Credit balances are indicated by (parentheses). Complete the trial balance of A Company (calculate income of sub and investment in sub) by using the three different investing accounting methods; Equity, Intial Value, and Partial Equity (use individual tabs following problem) Then, continue by preparing a consolidated worksheet for year ended Dec. 31, 2018. Include your consolidation and elimination entries in journal form with the exam. A Company (485,000) 160,000 130,000 Revenues COGS Depreciation Exp B Company (190,000) 70,000 52,000 . Net Income (68,000) 9 (609,000) R/E, 1/1 Net income (above) Dividends paid R/E, 12/31 (40,000) (68,000) 40,000 (68,000) 175,500 Cash Trademark Buildings & Eqp (net) 268,000 427,500 713,000 17,000 58,000 161,000 Total Assets 236,000 Liabilities Common Stock (190,000) (600,000) (90,000) (103,000) (60,000) (5,000) (68,000) APIC R/E (above) B 140,000 105,000 35,000 1 Part A 2. Consideration Transferred 3 Less: Book value 4 Investment Balance at Dec 31 2018 5 5 Amortization: 7 Equipment B Trademark 9 Customer List 0 Total Life (Years) 5 Amortization 1,000 5,000 10,000 20,000 35,000 20 1,000 2,000 Consolidation Entries Debit Credit Income Statement Sales Cost of goods sold Depreciation expense Amortization expense Equity Income $68,000-$2,000 Net income A (485,000) 160,000 130,000 B (190,000) 70,000 52,000 1,000 1,000 66,000 Consolidated (675,000) 230,000 183,000 1,000 0 (261,000) (66,000) (261,000) (68,000) 40,000 Statement of Retained Earnings Retained earnings 1/1 Net income (above) Dividends declared Retained earnings 12/31 (609,000) (261,000) 175,500 (694,500) (40,000) (68,000) 40,000 (68,000) (609,000) (261,000) 175,500 (694,500) 40,000 Balance Sheet Cash Investment in Subs 17,000 268,000 166,000 285,000 0 40,000 105,000 35,000 66,000 1,000 713,000 427,500 161,000 58,000 Building and Equipment Trademark Customer List Total assets 5,000 10,000 20,000 878,000 495,500 19,000 1,677,500 1,000 1,574,500 236,000 Liabilities Common stock APIC Retained earnings 12/31 Total liabilities and equity (190,000) (600,000) (90,000) (694,500) 1,574,500 (103,000) (60,000) (5,000) (68,000) 236,000 60,000 5,000 (293,000) (600,000) (90,000) (694,500) 1,677,500