Tyler Company acquired all of Jasmine Company’s outstanding stock on January 1, 2009, for $206,000 in cash. Jasmine had a book value of only $140,000 on that date. However, equipment (having an eightyear life) was undervalued by $54,400 on Jasmine’s financial records. A building with a 20-year life was overvalued by $10,000. Subsequent to the acquisition, Jasmine reported the following:

Net Income	Dividends Paid
2009	$50,000	$10,000
2010	60,000	40,000
2011	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, 2011, follow:

Tyler Company	Jasmine Company
Revenues—operating	($310,000)	($104,000)
Expenses	198,000	74,000
Equipment (net)	320,000	50,000
Buildings (net)	220,000	68,000
Common stock	-290,000	-50,000
Retained earnings, 12/31/11 balance	-410,000	-160,000

Determine and explain the following account balances as of December 31, 2011:

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, 12/31/11.