Barrel Co, acquired all of the common stock of Crate Co. on January 1, 2019. As of that date, Crate had the following account balances: Current assets 185,000 Equipment - net (9-year life] 96,000 Buildings - net (16-year life] 44,000 Land 35,000 Current liabilities (25,0000) Long-term liabilities (105,000) Common stock (25,000) Additional paid-in capital (85,000) Retained earnings (120,000) During 2019. Crate reported net income of $136,000 while paying dividends of $26,000. During 2020, Crate reported net income of $178,000 while paying dividends of $39,000. Assume that Barrel acquired Crate for $683,800 in cash. As of January 1, 2019, Crate's land had a fair value of $171,000, Its buildings wore valued at $332,000, and its equipment was appraised at $104,100. Any excess of consideration transferred over fair value of assets and liabilities acquired is due to an unamortized patent to be amortized over 7 years. Barrel decided to use equity method for this investment, Propare the following: . Consolidation Entry S for December 31, 2020 b. Consolidation Entry A for December 31, 2020