Advance Accounting-kindly assist me with the below. Also kindly type out or attach on excel sheet

Pas Corporation acquired 80 % of Sel Corporation's common stock on January 1,2009 for $ 240,000 cash

The stockholders'equity of Sel at this time consisted of $ 150,000 capital stock and $ 50,000 retained earnings

The difference between the price paid by Pas and the underlying equity acquired in Sel was due to a

building overvalued by $10,000 with 20 year useful life, equipment undervalued by $ 20,000 useful life 10 years,

Land undervalued by $ 50,000 and the remainder to unrecorded patent with a 20-year life. Straight line depreciation is used

Required

1) Provide the entries made by Pas on January 1, 2009 and subsequently for the year

To be done on separate worksheet - investor entries

2) Provide the consolidation entries /elimination entries at December 31, 2009

To be done on separate worksheet- elimination entries