Common Stock Retained Earnings Income from Steak Products Dividends Declared Investment in Steak Products Amortized Excess Value Reclassification Entry: Depreciation Expense 5,000 Income from Steak Products 5,000 Excess Value (Differential) Reclassification Entry: Eliminate Intercompany Accounts: Accounts Payable Cash and Receivables Common Stock Retained Earnings Income from Steak Products Dividends Declared Investment in Steak Products Amortized Excess Value Reclassification Entry: Depreciation Expense 5,000 Income from Steak Products 5,000 Excess Value (Differential) Reclassification Entry: Eliminate Intercompany Accounts: Accounts Payable Cash and Receivables