Carson, Inc., acquires 80 percent of the outstanding common stock of Gardena corporation on January 1, 2020, in exchange for $900,000 cash. At the acquisition date, Gardena's total fair value, including the non-controlling interest, was assessed at $1,125,000. Also at the acquisition date, Gardena's book value was $690,000.

Several individual items on Gardena's financial records had fair values that differed from their book values as follows:

Book Value Fair Value

Trademark (indefinite life) $360,000$383,000

Property and equipment (net, 8-year remaining useful life)290,000330,000

Patent (14-year remaining useful life) 132,000272,000

For internal reporting purposes, Carson, inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2020, for both companies. At year-end, there were no intra-entity receivables or payables.

Carson Gardena

Revenues ($1,400,000) ($825,000)

Cost of goods sold774,000 395,750

Depreciation expense 328,000 36,250

Amortization expense 0 28,000

Equity in income of Gardena($280,000) 0

Net income ($578,000) ($365,000)

Retained earnings (1/1/2020)($1,275,000)($530,000)

Net income ($578,000) ($365,000)

Dividends declared 300,000 50,000

Retained earnings (12/31/2020)($1,553,000) ($845,000)

Current assets $860,000 $432,250

Investment in Gardena 1,140,000 0

Trademark 240,000 360,000

Property and equipment (net) 1,030,000 253,750

Patents 0 104,000

Total assets 3,270,000 1,150,000

Accounts payable ($142,000) ($145,000)

Common stock ($300,000) ($120,000)

Additional paid-in capital ($1,275,000) ($40,000)

Retained earnings (12/31/2020)($1,553,000) ($845,000)

Total liabilities and equities($3,270,000) ($1,150,000)

1). What is the control premium paid by Carson to acquire 80 percent of voting shares of Gardena?

2). What is the goodwill of Gardena at acquisition? 232000

3).What is the amount of Non-Controlling Interest at acquisition (1/1/2020)? 225,000

4).The working paper entry to eliminate any dividend earned from Gardena Corporation during 2020 (consolidation JE D)

5). The working paper entry to eliminate Carson's investment in Gardena at December 31, 2020. (consolidation JE S and A)

6.What is the consolidated balance for investment at December 31, 2020?

7. What is the consolidated balance for equity in income of Gardena at December 31, 2020?

8. What is the consolidated balance for dividend declared at December 31, 2020?

9. What is the net income attributable to noncontrolling interests of Gardena at December 31, 2020?

10. What is the net income attributable to controlling interests of Gardena at December 31, 2020?

11. What is the amount of Non-Controlling Interest at December 31, 2020?

12. What is the consolidated balance for additional paid in capital at December 31, 2020?

I got confused/stuck when consolidating the statements and would appreciate any help.