Down Corporation paid $96,000 to acquire 30 percent of the ownership of DF Partnership on January 1, 20X4, and shares in its profits and losses at 30 percent. DF Partnership did not make any distribution to its owners during 20X4. At December 31, 20X4, Down and DF reported the following amounts when Down used the equity method in accounting for its investment in DF:

Required
Present the balance sheets at December 31, 20X4, and income statements for 20X4 for Down Corporation, assuming they are prepared using the following reporting alternatives for Down's investment in DF Partnership:
a. Cost method.
b. Equity method.
c. Pro rata consolidation.
d. Consolidation.

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Down Corporation DF Partnership Assets (other than investments) Investment in DF Partnership Liabilities Owners' Equity Sales Revenue for 20X4 Expenses for 20X4 $800,000 $380,000 175,000 30,000 350,000 730,000 500,000 345,000 370,000