March 1, 2015, Carlson Enterprises purchases a 100% interest in Entro Corporation for $400,000. Entro Corporation has the following balance sheet on February 28, 2015:

Carlson Enterprises receives an independent appraisal on the fair values of Entro Corporation's assets and liabilities. The controller has reviewed the following figures and accepts them as reasonable:
Accounts receivable............................$ 60,000
Inventory.........................................100,000
Land................................................40,500
Building..........................................202,500
Equipment.......................................162,000
Current liabilities.................................50,000
Bonds payable...................................95,000
Required
1. Record the investment in Entro Corporation.
2. Prepare the value analysis and the determination and distribution of excess schedule.
3. Prepare the elimination entries that would be made on a consolidated worksheet prepared on the date of acquisition.

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Entro Corporation Balance Sheet February 28, 2015 Assets abilities an Accounts receivable Inventory $ 60,000 Current liabilities 80,000 Bonds payable 50,000 100,000 Liabilities and Equity Land Buildings Accumulated depreciation building (120,000] Retained eamings Equipment Accumulated depreciation-equipment (60,000) 0,000 Common stock ($5 par) 50,000 250,000 70,000 300,000 Paid-in capital in excess of par 220,000 520,000 Total liabilities and equity Total assets. 与520,()()()