2.) Jake Corp. acquired 80% of Arrieta Company on January 1, 2020 for $3390 and accounts for this investment using the full equity method. The market (fair) value of Arrieta Company was $4300 while the book value of Arrieta was $4000 on that date. Any excess fair value over Arrieta's book value was assigned to a customer list that is to be amortized over a 10-year period. On the date of acquisition (January 1, 2020), Arrieta sold equipment to Jake for $48. The equipment had a cost of $110 and accumulated depreciation of $68 with a remaining life of 3 years. On January 1, 2021, Jake sold land to Arrieta for $100 and was listed in Jake's books for $90. On December 30, 2022, Arrieta sold the land to an outside party for $150. The equipment, on the other hand, was never sold to an outside party. Arrieta reported net income of $200 each year over the next three years and declared $0 dividends. a.) What is the ending balance for Investment in Arrieta as of 12/31/2021? b.) List the consolidation entries regarding the intra-entity transactions (equipment and land) that should be written for the consolidation worksheet on 12/31/2021. c.) Assuming no other land, equipment, or customer lists are in other Jake or Arrieta's books report the consolidated balances as of 12/31/2021 for: Land Equipment Accumulated Depreciation (Equipment) Customer List d.) Assuming no other land sales occurred besides the land described above, what is the Gain/Loss on land sale shown on the consolidated income statement for 2022? 2.) Jake Corp. acquired 80% of Arrieta Company on January 1, 2020 for $3390 and accounts for this investment using the full equity method. The market (fair) value of Arrieta Company was $4300 while the book value of Arrieta was $4000 on that date. Any excess fair value over Arrieta's book value was assigned to a customer list that is to be amortized over a 10-year period. On the date of acquisition (January 1, 2020), Arrieta sold equipment to Jake for $48. The equipment had a cost of $110 and accumulated depreciation of $68 with a remaining life of 3 years. On January 1, 2021, Jake sold land to Arrieta for $100 and was listed in Jake's books for $90. On December 30, 2022, Arrieta sold the land to an outside party for $150. The equipment, on the other hand, was never sold to an outside party. Arrieta reported net income of $200 each year over the next three years and declared $0 dividends. a.) What is the ending balance for Investment in Arrieta as of 12/31/2021? b.) List the consolidation entries regarding the intra-entity transactions (equipment and land) that should be written for the consolidation worksheet on 12/31/2021. c.) Assuming no other land, equipment, or customer lists are in other Jake or Arrieta's books report the consolidated balances as of 12/31/2021 for: Land Equipment Accumulated Depreciation (Equipment) Customer List d.) Assuming no other land sales occurred besides the land described above, what is the Gain/Loss on land sale shown on the consolidated income statement for 2022