For now, I am trying to prepare the ordinary journal entries. So far, I have prepared the 1st journal entry, 2nd journal entry, and 3rd journal entry. Now, I need help trying to determine what I must do mathematically to get the dollar amounts that appear in the debit and credit entries of the 4th journal entry (($6,300 debit entry to Investment in Soda Company and $6,300 credit entry to Income from Soda Company), 5th journal entry ($3,800 debit entry to Investment in Soda Company and $3,800 credit entry to Income from Soda Company), 6th journal entry ($6,300 debit entry to Investment in Soda Company and $6,300 credit entry to Income from Soda Company), and the 7th journal entries ($5,600 debit entry to Investment from Soda Company and $5,600 credit entry to Income from Soda Company).

Can you all show the step by step work to compute and get the dollar amounts that appear in the 4th journal entry, 5th journal entry, and 6th journal entry, please? This way, I can understand how to calculate these amounts when I need to perform the ordinary journal entries before I must perform the Consolidated Worksheet journal entries.

Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20x2.for $108,500. At that date, the noncontrolling interest had a fair value of $46,500 and Soda reported $70,000 of common stock outstanding and retained earnings of $30,000. The differential is assigned to buildings and equipment, which had a fair value $20,000 higher than book value and a remaining 10-year life, and to patents, which had a fair value $35.000 higher than book value and a remaining life of five years at the date of the business combination. Trial balances for the companies as of December 31, 20X3, are as follows: Pop Corporation Soda Company Item Debit Credit Debit Credit Cash & Accounts Receivable $ 15,400 $ 21,600 Inventory 165,000 35,000 Land 80,000 40,000 Buildings & Equipment 340,000 260,000 Investment in Soda Company 109,600 Cost of Goods Sold 186,000 79,800 Depreciation Expense 20,000 15,000 Interest Expense 16,000 5,200 Dividends Declared 30,000 15,000 Accumulated Depreciation $140,000 $ 80,000 Accounts Payable 92,400 35,000 Bonds Payable 200,000 100,000 Bond Premium 1,600 Common Stock 120,000 70,000 Retained Earnings 127,980 60,000 Sales 260,000 125,000 Other Income 13,600 Income from Soda Company 8,100 $962,000 $962,000 $471,600 $471,600 On December 31, 20x2. Soda purchased Inventory for $32,000 and sold it to Pop for $48,000. Pop resold $27.000 of the inventory (le, $27,000 of the $48.000 acquired from Soda) during 20x3 and had the remaining balance in inventory at December 31, 20x3. During 20x3, Soda sold inventory purchased for $60,000 to Pop for $90,000, and Pop resold all but $24,000 of its purchase. On March 10, 20X3. Pop sold inventory purchased for $15,000 to Soda for $30,000. Soda sold all but $7.600 of the inventory prior to December 31, 20X3. Assume Pop uses the fully adjusted equity method, that both companies use straight-line depreciation, and that no property, plant, and equipment has been purchased since the acquisition Required: a. Prepare all consolidation entries needed to prepare a full set of consolidated financial statements at December 31, 20X3, for Pop and Soda, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries