could you show the journal entries

42. Determining ending consolidated balances in the fourth year following the acquisition-Equity method Assume your company acquired a subsidiary on January 1, 2016. The purchase price was $640,000 in excess of the subsidiary's book value of Stockholders' Equity on the acquisition date, and that excess was assigned to the following [A] assets: Original Original [A] Asset Amount Useful Life Property, plant and equipment (PPE), net $100,000 10 years Patent... 240,000 8 years Goodwill 300,000 Indefinite $640,000 The [A] assets with definite useful lives have been amortized as part of the parent's equity method account- ing. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows: Parent Subsidiary Income statement: Sales Cost of goods sold Gross profit Equity income Operating expenses Net income.. Parent Subsidiary Balance sheet: $3,000,000 $800,000 Assets (1,600,000) (450,000) Cash... 1,400,000 350.000 Accounts receivable 160,000 Inventory (1,000,000) (150,000) Equity investment $ 560,000 $200,000 Property, plant and equipment (PPE), net ... $ 240,000 180,000 280,000 $ 380,000 600.000 800,000 1,330,000 3,000,000 $6,110,000 600,000 $1,300,000 Statement of retained earnings: Beginning retained earnings... Net income.. Dividends. Ending retained earnings $1,600,000 $500,000 560,000 200,000 (150,000) (30,000) $2,010,000 $670,000 Liabilities and stockholders' equity Accounts payable... Accrued liabilities Long-term liabilities Common stock APIC.... Retained earnings $ 500.000 600,000 1,600,000 400,000 1,000,000 2,010,000 $6,110,000 $ 60.000 90,000 300.000 60.000 120.000 670,000 $1,300.000 8 At what amount will the following accounts appear on the consolidated financial statements? a. Sales f. Property, plant and equipment (PPE), net b. Equity income Patent c. Operating expenses h. Common stock d. Inventories i Retained earnings . Equity investment