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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $262,700 in cash Jasmine had a book value of only $180,700

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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $262,700 in cash Jasmine had a book value of only $180,700 on that date. However, equipment (having an eight-year remaining life) was undervalued by $69,600 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $14,000. Subsequent to the acquisition, Jasmine reported the following Dividends Declared $10,000 40,000 20,000 Net Income 2016 2017 2018 $54,000 86,700 48,000 In accounting for this investment, Tyler has used the equity method. Selected accounts taken from the financial records of these two companies as of December 31, 2018, follow: Tyler Company Jasmine Company Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/18 (400,000) (185,000) 235,000 350,000 222,000 (290,000) 137,000 53,000 78,900 (67,500) (440,000) 187,000) Determine the following account balances as of December 31, 2018 a. Investment in Jasmine Company b. Equity in Subsidiary Earnings c. Consolidated Net Income d. Consolidated Equipment (net) Consolidated Buildings (net) idated Goodwill net) f. Consol q. Consolidated Common Stock h. Consolidated Retained Earnings, 12/31/18

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