Pound Manufacturing Corporation prepared the following balance sheet as of January 1, 20X8:

The company is considering a 2 for 1 stock split, a stock dividend of 4,000 shares, or a stock dividend of 1,500 shares on its \(\$ 10\) par value common stock. The current market price per share of Pound Manufacturing stock on January 1, 20X8, is \(\$ 50\). Quick Sales Corporation acquired 68 percent of the common shares of Pound Manufacturing on January 1, 20X4, at underlying book value.
\section*{Required}
Give the investment elimination entry required to prepare a consolidated balance sheet at the close of business on January 1, 20X8, for each of the alternative transactions under consideration by Pound Manufacturing.

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Cash Accounts Receivable $ 40,000 90.000 Accounts Payable Bonds Payable $ 50.000 200.000 Inventory 180.000 Common Stock 100.000 Buildings and Equipment 500,000 Additional Paid-In Capital 70,000 Less: Accumulated Depreciation (110.000) Retained Earnings 280.000 Total Assets $700,000 Total Liabilities and Equities $700.000