$1.$ Pink Industries is a $70\%$ owned subsidiary of Swift Industries. On January $1,2020,$ Pink issued $$100,000$ of $10$ year, $6\%$ bonds for $$86,580,$ to yield $8\%$ interest. Interest is paid annually on January $1.$ The effective interest method is used to amortize the premium. Swift purchased the bonda for $$84,901$ on January $2,2022$ when the market rate of interest was $9\%.$ On the purchase date, the remaining discount on the bonds was $$10,413.$ Pink$$s $2022$ net income was $$500,000.($Ch $5)$ look at Exercise $5-6$

Required:

a$.$ Prepare the eliminations and adjustments required for this purchase on the December $31,2022,$ consolidated worksheet. $($You will need amortization schedules through January $1,2023)$

b$.$ Prepare the $2022$ income distribution schedule for the NCI.