27. Computing the amount of equity income and preparing [I] consolidation journal entriesAssume that a parent company sells inventory to its wholly owned subsidiary. The subsidiary, ulti-mately, sells the inventory to customers outside of the consolidated group. You have compiled the fol-lowing data for the years ending 2012 and 2013:Subsidiary Net IncomeInventory SalesGross Profit on Unsold InventoriesReceivable (Payable)2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$300,000$50,000$18,000$20,0002012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$200,000$40,000$13,500$15,000Assum e that inventory not remaining at the end of the year was sold outside of the consolidated group. a. How much Equity Income should the parent report in its pre-consolidation income statement the year ending 2013 assuming that it uses the equity method of accounting for its Equity Investment

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?