Can you help me with the journal entries

Poom Manufacturing used cosh to acquire 7S percent of the voting stock of Satellite Industries on January 1, 20X3, at underlying book value. At that dote, the fair value of the noncontrolling interest was equal to 25 percent of Satellite's book value. Poom accounts for its investment in Satellite using the equity method. Poom had no inventory on hend on January 1, 20X5_ During 20XS, Poom purchased S300,OOO of goods from Satellite end had $100,000 remaining on hand et the end of 20X5. Satellite normally prices its items so that their cost is 70 percent of sale price On January 1, 20XS, Satellite held inventory thet it had purchased from Poom for $50,000. Poom's cost of producing the items was $30,000. Satellite sold all of the merchandise in 20X5 and made no inventory purchases from Poom during 20X5. On July IS, 20X5, Satellite sold lend thet it had purchased for $240,000 to Poom for $360,000. The companies file separate tax returns and have a 40 percent income tex rete. Poom does not record tax expense on its portion of Satellite's undistributed earnings. Tox expense recorded by Poam in 20XS with regard to its investment in Satellite is besed on dividends received from Satellite in 20XS_ In computing taxable income, 80 percent of intercorporate dividend payments ere exempt from tex_ Satellite reported net income of $190,000 for 20XS end net assets of S900,OOO on December 31, 20XS_ Poom's reported income before investment income from Satellite end income tex expense of S700,OOO for 20XS_ Satellite and Poom paid dividends of $150,000 end S400,ooo, respectively, in 20XS_ Required: e. Prepare the journal entries recorded on Poom's books during 20XS to reflect its ownership of Satellite. b. Compute the income assigned to the noncontrolling interests in the 20XS consolidated income statement. c. Compute consolidated net income and income to the controlling interest for 20XS_ d. Compute the amount assigned to the noncontrolling interest in the consolidated balance sheet prepared as of December 31, 20XS_ Complete this question by entering your answers in the tabs below. Required A Required B Req uired C Required D Prepare the journal entries recorded on Poom's books during 20X5 to reflect its ownership of Satellite. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Cash Investment in Satellite Industries Investment in Satellite Industries Income from Satellite Industries e 112,5000 112,500 0 142,500 e 142,500 e Required B