***Below is a question that I previously asked and someone kindly responded but there is one part that I don't understand. If you could please clarify the entries in Investments:

"Investments in S" $927,840. The Debit is $52,000 and the credits for S (SE) are $552,000 and I (Income) $177,120 and A (assets acquired) $250,720.

I don't understand where S $552,000 and A $250,720 come from?

If you could please clarify these amounts?

Thank you

Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2021, for $802,720 cash. At the acquisition date, Sierras total fair value, including the noncontrolling interest, was assessed at $1,003,400 although Sierras book value was only $690,000. Also, several individual items on Sierras financial records had fair values that differed from their book values as follows:

	Book Value				Fair Value
Land	$	65,000			$	290,000
Buildings and equipment (10-year remaining life)		287,000				263,000
Copyright (20-year remaining life)		122,000				216,000
Notes payable (due in 8 years)		(176,000	)			(157,600	)

For internal reporting purposes, Padre, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2021, for both companies.

	Padre				Sierra
Revenues	$	(1,394,980	)		$	(684,900	)
Cost of goods sold		774,000				432,000
Depreciation expense		274,000				11,600
Amortization expense		0				6,100
Interest expense		52,100				9,200
Equity in income of Sierra		(177,120	)			0
Net income	$	(472,000	)		$	(226,000	)
Retained earnings, 1/1/21	$	(1,275,000	)		$	(530,000	)
Net income		(472,000	)			(226,000	)
Dividends declared		260,000				65,000
Retained earnings, 12/31/21	$	(1,487,000	)		$	(691,000	)
Current assets	$	856,160			$	764,700
Investment in Sierra		927,840				0
Land		360,000				65,000
Buildings and equipment (net)		909,000				275,400
Copyright		0				115,900
Total assets	$	3,053,000			$	1,221,000
Accounts payable	$	(275,000	)		$	(194,000	)
Notes payable		(541,000	)			(176,000	)
Common stock		(300,000	)			(100,000	)
Additional paid-in capital		(450,000	)			(60,000	)
Retained earnings (above)		(1,487,000	)			(691,000	)
Total liabilities and equities	$	(3,053,000	)		$	(1,221,000	)

At year-end, there were no intra-entity receivables or payables.

Prepare a worksheet to consolidate the financial statements of these two companies. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.)