a)prepare a computation and allocation schedule

b)The entries to eliminate the investment account:

Exercise 5-1 On January 1, 2013, Pam Company purchased an 85% Interest in Shaw Company for $542,200. On this date, Shaw Company had common stock of $403,400 and retained earnings of $138,800. An examination of Shaw Company's assets and liabilities revealed that their book value was equal to their fair value except for marketable securities and equipment: Marketable securities Equipment (net) Book Value $20,200 119,900 Fair Value $45,100 140,000 (a) Your answer is partially correct. Try again. Prepare a Computation and Allocation Schedule for the difference between book value of equity acquired and the value implied by the purchase price. (Round answers to o decimal places, e.g. 5,125.) Parent Share Non- Controlling Share Entire Value TPurchase Price and Implied Value 542200 96038 638259 J.Book Value of Equity Acquired Common Stock TRetained Earnings Total Book Value TDifference Between Implied and Book Value Y TMarketable Securities Equipment Balance TGoodwill Balance