On December 31, 20X4, Bennett Corporation recorded the following entry on its books to adjust its investment in Stone Container Company stock from the basic equity method to the fully adjusted equity method:

\section*{Required}

a. Adjust the data reported by Bennett Corporation in the trial balance contained in Problem 8-28 for the effects of the adjusting entry presented above.

b. Prepare the journal entries that would have been recorded on the books of Bennett Corporation during \(20 \times 4\) under the fully adjusted equity method.

c. Prepare all eliminating entries needed to complete a consolidation workpaper as of December \(31,20 \times 4\), assuming Bennett has used the fully adjusted equity method.

d. Complete a three-part consolidation workpaper as of December 31, 20X4.

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Retained Earnings Income from Subsidiary Investment in Stone Container Company Stock 4,200 600 3,600