The following are selected accounts and balances for Mergaronite Company and Hill, inc. as of December 31, 2021. Several of Mergaronite's accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period. Assume that Mergaronite acquired Hill on January 1,2017, 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 1,2017, Hill's land was undervalued by $18,400, its buildings were overvalued by $29,000, and equipment was undervalued by $58,600. The busidings had a fo-yeor remaining life- the equipment had a 5 year remaining life. A customer list with an oppraised value of $96.000 was developed internally by Hill and was estimated to have a 20 . year remaining useful life. a. Determine the December 31,2021 , consolidated totals for the following accounts b. In requirement (a), can the consolidated totals be determined without knowing which method the parent used to account for the substiary? c. If the parent uses the equity method, what consolidation entries would be uned on a 2021 worksheet? Consolidation Worksheet Entries Prepare Entry I to remove the equity income recognized during the year equity method. Note: Enter debits before credits