3. (45 points) Company Big paid 1.200,000 for 60% of Small's shares on 01/01/2015. On 01/01/2015 Small's final information are as below. (Note that PPE had 5 years of useful life left and Patent had 10 years of useful life left upon the time of investment) 1/1/2015 Small Book Value Market Viue 200.000 200.000 AR 300.000 300.000 Inventory 300 DOO 300.000 Lard 500.000 800.00 RE 500.000 300.000 Patent 500.DOD 1.000.000 To Aset 2300.000 2.800,000 Lom (1,500,000 (1 500.000 Common Stock 300.000) ADRC (300,000 Fotained Eaming 200,000) Total Liabilities and Equity 2.300.000 On 12/31/2015 Company Big and Small's financial information IS as below: Big Sma Comsolidated 06.000.000 (2.500.000 COGG 4.000.000 1 800,000 Depreciation 500.000 100.000 Amortization 200,000 50.000 Investment Income Net Income (550.000 Petained Earrings @ 01012016 2.000.000) 200,000 Not Income (550,000) Dividend SODO 150.000 Petained Earings1312015 000 Cal 1.000.000 300,000 Accounts Receivable 2.000.000 500.000 Inventory 1.000.000 200.00 3.000.000 500.000 PPE 2000,000 400.000 Patent 2.000.000 450.000 Investment und Tots Labdition Common Stod Additional Paid-in Capital Petained Earrings Total Equity and retained Emminge 2.600.000) (1.000.000) (4650.000 CO (1.450,000 300,000 300.000 1800.000 12,650,000 a. What are the journal entries to document the investing transaction at 01/01/2015 for Big and Small respectively? (5 points) . Given the performances of B and S during 2015, which are presented in the 2nd table of this question, please fill out the table (not only limited to the highlighted cells) as well as coming up with the correct consolidated financial information. Please write journal entries which would allow you to arrive from the mechanically summed up total of B and S to the consolidated figures at the end of 2015(40 points)