The Miller Company acquired an 80% stake in Taylor Company on 1/1/2016. Miller paid 664,000 dinars in cash to acquire these shares. In addition, the remaining 20% of Taylor's shares remained open for trading in the stock market with a total value of 166,000 dinars before and after the purchase. On 1/1/2016, Taylor Company disclosed a book value of 600.000 dinars (ordinary shares = 300,000 dinars; additional paid-in capital = 90,000 dinars, retained earnings = 210,000 dinars). Several of Taylor's 20-year-old buildings were also undervalued, with a total of 80,000 dinars. Over the next three years, Taylor reported net income and declared dividends as follows: Dividend net income year 10000 Jd 70000 Ja 2016 15000 90000 2017 20000 100000 2018 Based on the above information, determine the appropriate answers to each of the following questions: 1. What amount of amortization expense should be recognized in the consolidated financial statements for the first years following this acquisition? 2. If a consolidated balance sheet is prepared as of 1/1/2016, what is the amount of goodwill that should be recognised? 3. If the worksheet was prepared as of 1/1/2016, prove which entries S and Entry A should be included? 4. In the parent company's separate financial records, what amount of investment income will be reported for 2016 under cach of the following accounting methods? method of ownership - Partial ownership method Cost method 5. In the parent company's separate financial records, what is the balance of Taylor's investment account as of December 31, 2018 under each of the following accounting methods? method of ownership Partial ownership method Cost method 6. As of December 31, 2017, Miller's Buildings account on his separate records has a balance of 800,000 dinars, and Taylor has a similar account with a balance of 300,000 dinars. What is the consolidated balance of the buildings account? 7. Suppose the parent company has applied the equity method to this investment. On December 31, 2018, the separate financial statements of the two companies showed the following information: Taylor Co Miller's Co 300000 500000 Ja Capital - common shares 90000 280000 Additional capital - common shares 425000 620000 Retained earnings How much is the consolidated balance of each of these accounts