Burch International purchased 70% of the outstanding common stock of Landon Chemical on December 31, 2021. Burch paid $140,000 for the shares and determined that the fair value of all recorded Landon assets and liabilities approximated their book values, with the exception of a customer list that was not recorded and had a fair value of $10,000, and an expected remaining useful life of 5 years. At the time of purchase, Landon had a stockholders equity consisting of capital stock amounting to goodwill. The separate financial statements at December 31, 2022. appear in the first two columns of the consolidation worksheet shown below.

a. Complete Income Statement

b. Using the information provided, make a Balance Sheet.

c. Provide the appropriate journal entries for the investor

d. Provide the appropriate elimination entries in the journal.