Calculate income and investment balance allocation of excess to undervalued assets

Dok Company acquired a 30 percent interest in Oak on January 1 for $2,000,000 cash. Assume the cost of the investment equals the fair value of Oaks net assets. Dok assigned the $500,000 fair value over book value of the interest acquired to the following assets:

Inventories

$100,000 (sold in the current year)

Building

$200,000 (4-year remaining life at January 1)

Goodwill

$200,000

During the year Oak reported net income of $800,000 and paid $200,000

Question:

1- journal entries, posted then to T- Accounts ?

2- determine doks income from oak?

3- determine the December 31 balance of the investment in oak account?