Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $243,200 in cash. Jasmine had a book value of only $168,600 on that date. However, equipment (having an eight-year remaining life) was undervalued by $57,600 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $10,200. Subsequent to the acquisition, Jasmine reported the following: 2016 2017 2018 Net Income $ 79,200 67,500 31,500 Dividends Declared $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: Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings. 12/31/18 Tyler Company $ (420,000) 257,000 386,000 268,000 (290,000) 1426.000 Jasmine Company $ (194,000) 119,500 191,500 87,900 +776, 800) 7172.000) 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: Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/18 Tyler Company $ (420,000) 257,000 386,000 268,000 (290,000) (426,000) Jasmine Company $ (194,000) 119,500 91,500 87,900 (76,800) (172,000) Determine the following account balances as of December 31, 2018: Investment in Jasmine Company b. Equity in Subsidiary Earnings Consolidated Net Income d. Consolidated Equipment (net) Consolidated Buildings (net) Consolidated Goodwill (net) f. Consolidated Common Stock Determine the following account balances as of December 31 2018: a. b. c. d. e. Investment in Jasmine Company Equity in Subsidiary Earnings Consolidated Net Income Consolidated Equipment (net) Consolidated Buildings (net) Consolidated Goodwill (net) Consolidated Common Stock h. Consolidated Retained Earnings, 12/31/18