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Domino's Pizza purchased Big Banana Holding Company's common stock through open-market purchases as follows: Big Banana Holding Company had 12,000 shares of $20 par value

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Domino's Pizza purchased Big Banana Holding Company's common stock through open-market purchases as follows: Big Banana Holding Company had 12,000 shares of \$20 par value common stock outstanding during the entire period. Big Banana had the following retained earnings balances on the relevant dates: Big Banana Holding Company's declared no dividends in 2015 or 2016 but did declare and pay $60,000 of dividends in 2017 . Any difference between cost and book value is assigned to subsidiary land. Pizza uses the equity method to account for its investment in Salt. Required: A. Prepare the journal entries Domino's Pizza will make during 2016 and 2017 to account for its investment in Big Banana Holding Company. [15-Marks] B. Prepare workpaper eliminating entries necessary to prepare a consolidated statements workpaper on December 31, 2017. [15-Marks]

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