The following is one question split into parts. Using the templates added for guidance answer the following questions.

a Using the preceding infomation prepare a consolidated worksheet for these two companies as of December $31,2021.$

b Instead of the initial value method assume now that Mix applies the equity method to its Investment in Air account. What account balances would the parents individual financial statements then show for the Equity in Subsidiary Eamings, Retained Eamings, and Investment in Air accounts?

c$.$ Assuming that Mix applied the equity method to its investment $,$how would the consolidated entries differ on December $31,2021$ worksheet?

d$.$ Assuming that Mix applied the equity method to this investment, how would the December $31,2021,$ reported consolidated balances differ?