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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1,2016, for $278,600 in cash. Jasmine had a book value of only $197.400 on

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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1,2016, for $278,600 in cash. Jasmine had a book value of only $197.400 on that date. However, equipment (having an eight-year remaining life) was undervalued by $58,400 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $17.300 Subsequent to the acquisition, reported the following 2016 2017 2018 $75, 600 61,500 37,200 $10, 00o 40,000 20,000 In accounting for this investment, Tyler has used the equity method. Selected accounts taken from the financial records of these two ces COmpanies as of December 31, 2018, follow Tyler Company Jasmine Company (420, 000) $(150,000) Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/18 231,000 516,000 360, 000 112,800 60, 500 72,300 Retrained earmnings, 12/31/1 1380,000(311,000 (556, 000)(214,000) 2 2016 2017 2018 $75, 600 61,500 37,200 $10,000 40,000 20,000 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 eBook Print ferences Company Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/1e (420,000) (150,000) 231,000112,800 60, 500 72, 300 (67, 800) (556,000) (214, 000) 516, 000 360,000 (290,000) Determine the following account balances as of December 31, 2018 a. Investment in Jasmine Company b. Equity in Subsidiary Eamings C.Consolidated Net Income d. Consolidated Equipment (net) e. Consolidated Buildings (net) f. Consoidated Goodwill (net) g. Consolidated Common Stock h. Consolidated Retained Earnings 12/31/18

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