An acquisition takes place on January 1, 2018. At December 31, 2018, you observe the following consolidation eliminating entires:

(R) Indentifiable intangibles 3,000,000 Land 2,000,000 Goodwill 15,000,000 Inventories 500,000 Property and equipment, net 10,000,000 Investment in Samson Company 9,500,000

(O) Amortization Expense 600,000 Impairment loss 200,000 Inventories 500,000 Property and equipment, net 1,000,000 Cost of goods sold 500,000 Depreciation expense 1,000,000 Identifiable intangibles 600,000 Goodwill 200,000

Property and equipment and identifiable intangibles revaluations are written off on a straight-line basis, no residual value. Additional goodwill impairment losses of $400,000 are reported in 2021. Except for the inventories, none of the revalued assets are sold in future years.

Prepare consolidation eliminating entries (R) and (O) on December 31, 2023.