Consolidation Eliminating Entries, Date of Acquisition: U.S. GAAP and IFRS Plummer Corporation acquired 90 percent of Softek Technologie' voting stock by issuing 2,000,000 shares of $2 par common stock with a fair value of $25,000,000. In addition, Plummer paid $500,000 in cash to the consultants and accountants who advised in the acquisition. Softek's stockholders' equity at the date of acquisition is as follows: The fair value of the noncontrolling interest is estimated to be $2, 500,000 at the date of acquisition. Required Prepare the acquisition entry on Plummer's books and the working paper consolidation eliminating entries at the date of acquisition, following U.S. GAAP. Prepare the working paper consolidation eliminating entries at the date of acquisition, following IFRS and the alternative valuation method for noncontrolling interests