The following are selected accounts and balances for Jonah Company and Hill, Incorporated, as of December $31,2024.$ Several of

Jonah's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same

period.

Assume that Jonah acquired Hill on January $1,2020,$ by issuing $6,600$ shares of common stock having a par value of $$10$ per share but

a fair value of $$100$ each. On January $1,2020,$ Hill's land was undervalued by $$20,800,$ its buildings were overvalued by $$30,600,$ and

equipment was undervalued by $$61,000.$ The buildings had a $10-$year remaining life; the equipment had a $5-$year remaining life. A

proprietary database with an appraised value of $$108,000$ 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?

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