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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $223,700 in cash. Jasmine had a book value of only $151,100

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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $223,700 in cash. Jasmine had a book value of only $151,100 on that date. However, equipment (having an eightyear remaining life) was undervalued by $70,400 on Jasmine's nancial records. A building with a 20year remaining life was overvalued by $12,200. Subsequent to the acquisition, Jasmine reported the following: Net Dividends Income Declared 2016$ 53,100 $10,000 2017 87,000 40,000 2018 41,200 20,000 In accounting forthis investment, Tyler has used the equity method. Selected accounts taken from the financial records ofthese two companies as of December 31, 2018, follow: Tyler Jasmine Company Company Revenues $ (322,000) $096,000) operating Expenses 201,000 154,800 Equipment (net) 368,000 83,000 Buildings (net) 270,000 74,100 Common stock (290,000) (61,500 ) Retained earnings, (452,000) (160,000) 12! 31! 18 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) e. Consolidated Buildings (net) f. Consolidated Goodwill (net) g. Consolidated Common Stock h. Consolidated Retained Earnings, 12/31/18

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