Consolidated statement of Less than wholly owned subsidiary, show step by step calculation pls ??

Group Exercise: Basic Elimination Entry Given the following information: 1) Photo owns 70% of Snap 2) Snap's net income for 20X4 is $160,000 3) Photo's net income for 20X4 from its own separate operations is Photo 70% $500,000. 4) Snap's declares dividends of $12,000 during 20X4. 5) Snap has 10,000 shares of $4 par stock outstanding that were originallySnap issued at $14 per share 6) Snap's beginning balance in Retained Earnings for 20X4 is $120,000. Subsidiary Book Value Calculations Investment Additional Account Common Paid-in Retained Beginning Balance Dividends Ending Balance Net Income