Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2019, for $299,500...

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Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2019, for $299,500 in cash. Jasmine had a book value of only $223,100 on that date. However, equipment (having an eight-year remaining life) was undervalued by $72,000 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $19,300. Subsequent to the acquisition, Jasmine reported the following: 2019 2020 2021 Net Income $50, 100 78,300 30,200 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, 2021, follow: Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/21 Tyler Company $(324,000) 238,000 368,000 292,000 (290,000) (538,000) Jasmine Company $(162,000) 131,800 82,500 77,700 (54,900) (256,000) Determine the following account balances as of December 31, 2021: (Input all amounts as positive values.) Amounts a. b c. d. Investment in Jasmine Company Equity in Subsidiary Earnings Consolidated Net Income Consolidated Equipment (net) Consolidated Buildings (net) Consolidated Goodwill (net) Consolidated Common Stock Consolidated Retained Earnings, 12/31/21 e. f. g. $ 290,000 h

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