Help Required:

a$.$ Which Investment method did Kelsey use to compute the $\backslash (\backslash$$ $278,940\backslash )$ income from Snowdon?

b$.$ Determine the totals to be reported for this business combination for the year ending December $31.$

c$.$ Verify the totals determined in part $($b$)$ by producing a consolidation worksheet for Kelsey and Snowdon for the year ending December $31.$

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

Determine the totals to be reported for this business combination for the year ending December $31.$

Note: Input all amounts as positive values. Verify the totals determined in part $($b$)$ by producing a consolidation worksheet for Kelsey and Snowdon for the year ending December $31.$

Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.

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