Bream Inc. pays $2,400,000 for 75% of Sockeyes outstanding common stock. Sockeye Co. has netassets with a book value of $2,350,000. Sockeye has land that was originally purchased for$320,000 is now worth $680,000. The remainder of the business combinations purchase price isallocated to Goodwill. Bream, Inc. accounts for its investment in Sockeye using the equity method

.Required

:A .Using the Purchase Method for consolidation, determine the amount that should be attributed to goodwill.

B. Using the Acquisition Method for consolidation, determine the amount that should be attributed to goodwill.

C. prepare working paper elimination in the subsequent year of acquisition with Non controlling and show journal entries debit and credit and the calculation and explain