8 journal entries are required. 2 of them have already been provided in picture 2. Please help me fill in the rest of the journal entries

PROJECT ONE DATA SET: A 100% acquisition of S's Capital Stock by P occurred on 1/2/20 resulting in an Investment in S balance of S22,000 (which included $4,500 of Goodwill). Please note the information in the following calculation of the FYE 12/31/20 Equity in Net Income of S (a.k.a., Income from S). # I S's reported Net Income $7,000 "Non-Goodwill" Write-offs [equal total "fair-book value" differential amount at acquisition date / life): O-Inventory ($1,000)/1 1,000 U-Plant assets, net $8,000/2 (4,000) U-Patents $1,500/4 (375) U-Long-term debt ($1,000)/5 200 Goodwill impairment loss during 2013 (500) Equity in Net Income of S (a.k.a., Income from S) $3.325 #If the amounts in the column below do not display, then print this document and/or use another WORD version to view the numberswhen in doubt...change browsersNO LOL!!!. Please also note the separate financial statement (trial balance) information/data of P and S in the consolidation worksheet on page four of this document. Part One Requirements: Using Excel, record the eight) elimination entries (on the template found on page three) in GOOD FORM (that is, in proper journal entry form) so that the Part One elimination entry amounts may be directly linked (or indirectly linked through the Supplemental Schedule, as applicable) to the elimination entries appearing on the Part Two worksheet. The elimination entries in Part One should be organized consistent with the systematic elimination entry approach employed on the Part Two worksheet. Hint: You may want to attempt Part Two before Part One. Part One Solution (template) Record the required Elimination Entries in GOOD FORM) in the below space AND THEN link each of these individual amounts to the relevant "Elimination Entry" amounts on the Part Two Solution (as applicable)-DO NOT COMBINE DATA (whether amounts or accounts). See relevant amounts and/or accounts on page 2 and/or page 4. (C) Income from S Investment in s 3,325 3,325 (E) ? (R) 2 2 ? 1,500 ? 2 Investment in S Long-term debt ? 12,000 1,000 (0-1) 2 (0-2) ? (0-3)? 2 ? 2 200 (0-4) Long-term debt Interest expense 200 (0-5) ? ? PROJECT ONE DATA SET: A 100% acquisition of S's Capital Stock by P occurred on 1/2/20 resulting in an Investment in S balance of S22,000 (which included $4,500 of Goodwill). Please note the information in the following calculation of the FYE 12/31/20 Equity in Net Income of S (a.k.a., Income from S). # I S's reported Net Income $7,000 "Non-Goodwill" Write-offs [equal total "fair-book value" differential amount at acquisition date / life): O-Inventory ($1,000)/1 1,000 U-Plant assets, net $8,000/2 (4,000) U-Patents $1,500/4 (375) U-Long-term debt ($1,000)/5 200 Goodwill impairment loss during 2013 (500) Equity in Net Income of S (a.k.a., Income from S) $3.325 #If the amounts in the column below do not display, then print this document and/or use another WORD version to view the numberswhen in doubt...change browsersNO LOL!!!. Please also note the separate financial statement (trial balance) information/data of P and S in the consolidation worksheet on page four of this document. Part One Requirements: Using Excel, record the eight) elimination entries (on the template found on page three) in GOOD FORM (that is, in proper journal entry form) so that the Part One elimination entry amounts may be directly linked (or indirectly linked through the Supplemental Schedule, as applicable) to the elimination entries appearing on the Part Two worksheet. The elimination entries in Part One should be organized consistent with the systematic elimination entry approach employed on the Part Two worksheet. Hint: You may want to attempt Part Two before Part One. Part One Solution (template) Record the required Elimination Entries in GOOD FORM) in the below space AND THEN link each of these individual amounts to the relevant "Elimination Entry" amounts on the Part Two Solution (as applicable)-DO NOT COMBINE DATA (whether amounts or accounts). See relevant amounts and/or accounts on page 2 and/or page 4. (C) Income from S Investment in s 3,325 3,325 (E) ? (R) 2 2 ? 1,500 ? 2 Investment in S Long-term debt ? 12,000 1,000 (0-1) 2 (0-2) ? (0-3)? 2 ? 2 200 (0-4) Long-term debt Interest expense 200 (0-5)