The Roe Company purchased 80 percent of the stock of the Danver Company on January 2 at book value, \(\$ 480,000\). The total capital stock of the Danver Company at that date was \(\$ 450,000\), and the retained earnings balance was \(\$ 150,000\). During the year, the "net income to stockholders" of the Danver Company was \(\$ 90,000\); dividends declared were \(\$ 36,000\). Present adjusting and eliminating entries that would be necessary in the preparation of the December 31 consolidated balance sheet, assuming that Roe Company uses the cost method on its single-company books to account for its investment in Danver Company.