8. ( 16pts) 0n1/1/2022, Parco anjired 100% of Sarco's outstanding conuman stack by paying \$1,000,000, On 1/1/2022 the livestment actount was made up af ehe folleming: Commonstock $600.000 Retained earnings Adiltional information: - The sulosidiary haid net income or 5200,000 in 2022 - The subsidiary declaned and pard dividends of 5100000 in 2022. - Thebriiding had a remaining hile of 10 yesrs Prepare consolidation entry 5 to eliminate the sulis ecuaty accoents. Prepare concolidition entry A (accuisition) Prepare consolidation entry I (income) Prepare consollfotion entry D (dividends) Prepare consolidatioa entry E (expenses)