assume the use of the complete equity method

On January 1, 2013, Piper Company acquired an B0% interest in Sand Company for $2,204,200. At that time the common stock and retained earnings of Sand Company were $1,781,900 and $712,300, respectively. Differences between the fair value and the book value of the identifiable assets of Sand Company were as follows: Fair value in Excess of Book Valur Inventory $45 200 Equipment (net) 48,600 The book values of all other assets and liabilities of Sand Company were equal to their fair values on January 1, 2013. The equipment had a remaining useful life of eight years. Inventory is accounted for on a FIFO basis. Sand Company's reported net income and declared dividends for 2013 through 2015 are shown here 2013 2014 2015 Net Income $ 103,800 $156,400 $76,400 Dividends 20,200 30,600 15.700 Prepare the eliminating adjusting entries needed on the consolidated worksheet for the years ended 2013, 2014, and 2015. (a) Assume the use of the complete equity method. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit 2013 (To eliminate intercompany dividends and income) (To eliminate the investment account) (To allocate and depreciate the difference between implied and book value) and book value) 2014 To eliminate intercompany dividends and income) To eliminate investment account and create noncontrolling Interest account (To allocate and depreciate the difference between implied and book value) 2015 (To eliminate intercompany dividends and income) (To eliminate investment account and create noncontrolling interest account) (To allocate and depreciate the difference between implied Son