Attached is a financial accounting question that needs to be answered using equity method. The sooner it is done, the better.

4. On January 1, 20X8, Vector Company acquired 70 percent of Scalar Company's ownership on for $112,000 cash. At that date, the fair value of the noncontrolling interest was $48,000. The book value of Scalar's net assets at acquisition was $125,000. The book values and fair values of Scalar's assets and liabilities were equal, except for buildings and equipment, which were worth $20,000 more than book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, the management of Vector concluded at December 31, 20X8, that goodwill from its acquisition of Scalar shares had been impaired and the correct carrying amount was $10,000. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders. No additional impairment occurred in 20X9. Trial balance data for Vector and Scalar on December 31, 20X9, are as follows: Item Cash Accounts Receivable Inventory Land Buildings and Equipment Investment in Scalar Co. Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Vector Co. Debit Credit $ 108,000 60,000 80,000 150,000 300,000 133,000 180,000 50,000 30,000 25,000 40,000 40,000 Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock Retained Earnings Sales Income from Scalar $1,196,00 0 Scalar Co. Debit Credit $ 30,000 25,000 30,000 50,000 150,000 100,000 34,000 15,000 6,000 21,000 10,000 $ 150,000 90,000 30,800 180,000 150,000 179,800 400,000 15,400 $1,196,00 0 $ 36,000 26,000 9,000 50,000 100,000 50,000 200,000 $471,00 0 $471,00 0 Required: 1) Provide all journal entries needed at December 31, 20X0. 2) Provide all consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9. 3) Prepare a three-part consolidation worksheet for 20X9 in good form