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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $269,500 in cash. Jasmine had a book value of only $188,500

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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $269,500 in cash. Jasmine had a book value of only $188,500 on that date. However, equipment (having an eight-year remaining life) was undervalued by $56,800 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $13,600. Subsequent to the acquisition, Jasmine reported the following: Dividends Net Income Declared 2016 2017 2018 $75,300 64,500 34,800 $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: Tyler Company Jasmine Company Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/18 (352,000) $(198,000) 210,00 502,000 278,00 (290,000) 88,500 58,000 69,900 (77,100) (414,000) 187,000) Determine the following account balances as of December 31, 2018: a. Investment in Jasmine Company b. Equity in Subsidiary Eanings c. Consolidated Net Income d. Consolidated Equipment (net) e. Consolidated Buildings (net) f Consolidated Goodwill (net) g. Consolidated Common Stock h. Consolidated Retained Earnings

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