3-Assume that, on January 1, 2019, Kuehler Company acquired an 80% interest in Eastwood Company for a purchase price that was $650,000 over the book value of the subsidiary's Stockholders' Equity on the acquisition date. Kuehler uses the equity method to account for its investment in Eastwood. Kuehler assigne the acquisition-date AAP as follows: AAP Items Initial Fair Value Useful Life (years) PPE $350,000 10 Patent 100,000 5 Customer List 150,000 5 Goodwill 50,000 Indefinite $650.000 80% of the Goodwill is allocated to the parent Kuehler and Eastwood report the following financial statements December 31, 2022: Income Statement Kuehler Eastwood Sales 5860.000 $750,000 Costogos sold 4458.000 400.000 GHS Pro 40 000 320.000 moramo 80,000 DOC 158.000 165000 NO S0000 5155.000 Statement of Retained Eamings Kuehler Eastwood BOY Retained Earnings $878,440 $420,000 Net income 300,000 155,000 Dividends -175.000 -12,500 Ending Retained Earnings $1,003,440 $562,500 Balance Sheet Kuehler Eastwood Assets Cash $55.000 $54,000 46.000 24 000 Accounts receivable ventory 95.000 95.112 Equity Investinen 932.880 PPE.DE 1.873188 5132 200 Liabilities and Stockholders' Equity: Current Liabilities $75,000 $400,200 Long-term Liabilities 150,000 790,000 Common Stock 63,500 118,100 APIC 125,000 175,500 Retained Earnings 1.003.440 562.500 $1.416,940 $2.046,300 Required: a. Compute the EOY noncontrolling interest equity balance. b. Prepare the consolidation joumal entries