5. On January 1, 2017, Pastey Company purchased 75% of the outstanding common stock of Sauce Company by issuing 20,000 shares of its $ 10 par (55 market value) common stock. On that date, Sauce Companys stockholders equity consisted of common stock $50,000; other contributed capital (a.k.a APIC), $925,000 and retained earnings, $225,000. Pastey Company paid more than the book value of net assets acquired because the recorded cost of Sauce Companys land was significantly less than its fair value (which accounts for the entire Difference). During 2017 Sauce Company lost $250,000 and declared and paid a $10,000 dividend. Pastey Company used the Partial Equity Method to record its investment in Sauce Company. Required: A. Prepare the investment related entries on Paprika Companys books for 2010 B. Prepare the CAD. C. Prepare the workpaper eliminating entries for a workpaper on December 31, 2010.