The following are selected accounts and balances for Jonah Company and Hill, Incorporated, as of December 31, 2024. Several of Jonahs accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period.

Accounts	Jonah	Hill
Revenues	$ (620,000)	$ (248,000)
Cost of goods sold	260,000	86,000
Depreciation expense	106,000	40,000
Investment income	Not given	Not given
Retained earnings, 1/1/24	(914,000)	(584,000)
Dividends declared	140,000	38,000
Current assets	206,000	694,000
Land	292,000	92,000
Buildings (net)	482,000	142,000
Equipment (net)	196,000	256,000
Liabilities	(404,000)	(314,000)
Common stock	(304,000)	(38,000)
Additional paid-in capital	(50,000)	(902,000)

Assume that Jonah acquired Hill on January 1, 2020, by issuing 7,800 shares of common stock having a par value of $10 per share but a fair value of $100 each. On January 1, 2020, Hills land was undervalued by $21,000, its buildings were overvalued by $30,600, and equipment was undervalued by $59,400. The buildings had a 10-year remaining life; the equipment had a 5-year remaining life. A proprietary database with an appraised value of $100,000 was developed internally by Hill and was estimated to have a 20-year remaining useful life.

Required:

a. Determine the December 31, 2024, consolidated totals for the following accounts:

Revenues

Cost of goods sold

Depreciation expense

Amortization expense

Buildings

Equipment

Database

Common stock

Additional paid-in capital

b. In requirement part (a), can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary? Can the consolidated totals be determined?

c. If the parent uses the equity method, what consolidation entries would be used on a 2024 worksheet?

1. Prepare Entry S to eliminate the beginning stockholders' equity of the subsidiary.
2. Prepare Entry A to recognize the unamortized allocation balances as of the beginning of the current year.
3. Prepare Entry I to remove the equity income recognized during the year - equity method.
4. Prepare Entry D to remove the Intra-entity dividend declarations.
5. Prepare Entry E to recognize the excess acquisition-date fair-value amortizations for the period.