Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2013. Several of Mergaronites accounts have been omitted. Credit balances are indicated by parenthesis.

Mergaronite
Revenues $(600,000)
Cost of Goods sold $280,000
Depreciation Expense $120,000
Investment Income not given
Retained earnings 1/1/13(900,000)
Dividends paid $130,000
Current assets $200,000
Land $300,000
Buildings (net) $500,000
Equipment (net) $200,000
Liabilities $(400,000)
Common Stock $(300,000)
Additional Paid-In Capital $(50,000)

Hill
Revenues $(250,000)
Cost of Goods sold $100,000
Depreciation Expense $50,000
Investment Income n/a
Retained earnings 1/1/13 $(600,000)
Dividends paid $40,000
Current assets $690,000
Land $90,000
Buildings (net)$140,000
Equipment (net) $250,000
Liabilities $(310,000)
Common Stock $(40,000)
Additional Paid-In Capital $(160,000)

Assume that Mergaronite took over Hill on January 1,2009 by issuing 7,000 shares of common stock having a par value of $10 per share but a fair value of $100 each. On January 1, 2009 Hills land was undervalued by $20,000, its buildings were overvalued by $20,000 and equipment was undervalued by $60,000. The buildings had a 10-year life; the equipment had a 5-year life. A customer list with an appraised value of $100,000 was developed internally by Hill and was to be written off over a 20-year period.

a) Determine and describe the December 31, 2013 consolidated totals for the following accounts:
Revenues, Cost of Goods Sold, Depreciation Expense, Ammortixation Expense, Buildings, Equipment, Customer List, Customer Stock, Additional Paid-In Capital.
b) In requirement (a), why can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary?
c) If the parent uses the equity method, what consolidation entries would be used on a 2013 worksheet?"