Azure Enterprises acquired 80 percent of Brown Corporation's voting common stock on January 1, 20X3, for $376,000. At that date. the falr value of the noncontroling interest of Brown Corporation was $94,000. Immediately after Azure acquired its ownership, Brown purchased 60 percent of Coral Company's stock for $153,000. The falr value of the noncontroling interest of Coral Company was $102,000 at that date. Durning 203. Azure reported operating income of $240,000 and pald dividends of $105,000. Brown reported operaung income of $120,000 and paid dividends of $55,000. Coral reported net income of $50,000 and paid dividends of $25,000. At January 1,203, the stockholders' equity sections of the balance sheets of the companies were as follows: Required: a. Prepare the journal entries recorded by Brown for it: Invotiment in Coral during 203. b. Prepare the joumal entries recorded by Azure for its investment in erown durting 203 c. Prepare the consolidation entries related to Brown: invostment in Coral and Arts investment in Erown that are needed in preparing consolidated financial statements for Azure and its fuobidiaries at December 31.203. Complete this question by entering your answers in the tabs below