On February 1, 1999, Larkin Company acquired \(100 \%\) of the outstanding voting common stock of TRD Company for \(\$ 8,400,000\) cash. The stockholders' equity of the TRD Company consisted of common stock, \(\$ 6,720,000\), and retained earnings, \(\$ 1,680,000\). Prepare

(a) the entry to record the investment in TRD Company and

(b) the elimination entry on the work sheet used to prepare a consolidated balance sheet as of the date of acquisition.