Tyler Company acquired all of Jasmine Company's outstanding stock on January 1, 2016, for $206,000 in cash. Jasmine had a book value of only $140,000 on that date. However, equipment (having an eight-year remaining life) was undervalued by $54,400 on Jasmine's financial records. A building with a 20-year remaining life was overvalued by $10,000. Subsequent to the acquisition, Jasmine reported the following:

________Net Income _____________ Dividends Declared

2016 .......$50,000 .............. $10,000

2017 ....... 60,000 ............... 40,000

2018 ....... 30,000 ............... 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:

Determine and explain the following account balances as of December 31, 2018:
a. Investment in Jasmine Company (on Tyler's individual financial records).
b. Equity in Subsidiary Earnings (on Tyler's individual financial records).
c. Consolidated Net Income.
d. Consolidated Equipment (net).
e. Consolidated Buildings (net).
f. Consolidated Goodwill (net).
g. Consolidated Common Stock.
h. Consolidated Retained Earnings, 12/31/18.

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Tyler Compan!y Jasmine Company Revenues-operating Expenses Equipment (net) Buildings (net) Common stock Retained earnings, 12/31/18 $(310,000) $(104,000) 74,000 50,000 68,000 (50,000) (160,000) 198.000 320,000 220,000 (290,000) (410,000)