Branson paid $543,800 cash for all of the outstanding common stock of Wolfpack, Inc. on January 1, 2020 On that date, the subsidiary had a book value of $40100 common stock of $200,000 and retained earnings of $201.000 tough various unrecorded royalty agreements no-year remaining lifes were assessed at a $124.000 fair value. Any remaining excess falr value was considered goodwill in negotiating the acquisition pce, Branson also promised to pay Wolfpack's former owners an additional $56.000 if Wolfpacks Income exceeded $130,000 total over the first two years after the acquisition. As the acquelon date, Branson estimated the probability adjusted procent value of this contingent consideration at $39.200. On December 31, 2020, biced on Womack's earnings to date, Branson increased the value of the contingency to $44.800 During the subsequent two years. Woltpack reported the following amounts for income and dividends et In David Bectare 2000 571,400 $ 20,000 12,40 35,000 in keeping with the original acquisition agreement on December 31 2021, Branson paid the additional $56,000 performance to Wolfpack's previous owners Prepare och of the following a. Branson's entry to record the acquisition of the shares of Wolfpack Subsidiary t Branson's entries at the end of 2020 and 2021 to use its contingent performance obligation for changes involve and the December 31 2021. payment Propare contodation worksheetse as of December 2021 assuring that Bronson mas ant tout method d. Prepare consolidation worksheet entre as of December 31, 202, Guro Branco ha scored the initive method Complete this question by entering your answers in the tabs below. Banners are the station of the surf a Woitakupean troured for a socionante mini Consolidation Worksheet Entries