Can you help me with Req A to C$2$ and Req D$?$ Parkovash, Incorporated, obtained $100$ percent of Salerno Company's common stock on January $1,2023,$ by issuing $11,400$ shares of $\backslash (\backslash$$ $10\backslash )$ par value common stock. Parkovash's shares had a $\backslash (\backslash$$ $15\backslash )$ per share fair value. On that date, Salerno reported a net book value of $\backslash (\backslash$$ $132,750\backslash ).$ However, its equipment $($with a $5-$year remaining life$)$ was undervalued by $\backslash (\backslash$$ $5,750\backslash )$ in the company's accounting records. Also, Salerno had developed computer software with an assessed value of $\backslash (\backslash$$ $32,500\backslash ),$ although no value had been recorded on Salerno's books. The computer software had an estimated remaining useful life of $10$ years.

The following balances come from the individual accounting records of these two companies as of December $31,2023$:

The following balances come from the individual accounting records of these two companies as of December $31,2024$:

Required:

a$.$ What balance does Parkovash's Investment in Salerno account show on December $31,2024,$ when the equity method is applied?

b$.$ What is the consolidated net income for the year ending December $31,2024?$

$\backslash (\backslash$mathbf$\{$c $-1\}\backslash ).$ What is the consolidated equipment balance as of December $31,2024?$

c$-2.$ Would this answer be affected by the investment method applied by the parent?

d$.$ Prepare entry $\backslash (\{\}^\{*\}\backslash$mathrm$\{$C$\}\backslash )$ for the beginning of the Retained Earnings account on a December $31,2024$ by using initial value, partial equity and equity method.

Complete this question by entering your answers in the tabs below.

Req $\backslash ($ A $\backslash )$ to C$2$

a$.$ What balance does Parkovash's Investment in Salerno account show on December $31,2024,$ when the equity method is applied?

b$.$ What is the consolidated net income for the year ending December $31,2024?$

$\backslash (\backslash$mathrm$\{$c$\}-1\backslash ).$ What is the consolidated equipment balance as of December $31,2024?$

$\backslash (\backslash$mathbf$\{$c $-2\}\backslash ).$ Would this answer be affected by the investment method applied by the parent? The following balances come from the individual accounting records of these two companies as of December $31,2023$:

The following balances come from the individual accounting records of these two companies as of December $31,2024$:

Required:

a$.$ What balance does Parkovash's Investment in Salerno account show on December $31,2024,$ when the equity method is applied?

b$.$ What is the consolidated net income for the year ending December $31,2024?$

c$-1.$ What is the consolidated equipment balance as of December $31,2024?$

c$-2.$ Would this answer be affected by the investment method applied by the parent?

d$.$ Prepare entry $*$ C for the beginning of the Retained Earnings account on a December $31,2024$ by using initial value, partial equity and equity method.

Complete this question by entering your answers in the tabs below.

Req A to C$2$

Prepare entry $\backslash (\{\}^\{*\}\backslash$mathrm$\{$C$\}\backslash )$ for the beginning of the Retained Earnings account on a December $31,2024$ by using initial value, partial equity and equity method.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

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