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What will be the consolidated balance of each of accounts

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Assume that the parent company has been applying the equity method to this investment. On December 31, 2021, the separate financial statements for the two companies present the following information:

                                                Miller Company                    Taylor Company
Common stock                         $390,000                         $232,000
Additional paid-in capital             218,400                          69,600
Retained earnings, 12/31/21         483,600                         329,900

Problem 1: What will be the consolidated balance of each of these accounts?

Reference no: EM132910497

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