Hawkeye Corporation acquired $75$ percent of Gopher Trial balance data for Hawkeye Corporation and Gopher Company on December $31,20$X$8,$ are as follows:

Required:

Give all consolidation entries needed to prepare a three$-$part consolidation worksheet as of December $31,208.$

Prepare a three$-$part consolidation worksheet for $20$X$8$ in good form.Company$$s ownership on January $1,20$X$8,$ for $$96,000.$ At that date, the fair value of the noncontrolling interest was $$32,000.$ The book value of Gopher$$s net assets at acquisition was $$100,000.$ The book values and fair values of Gopher$$s assets and liabilities were equal, except for Gopher$$s buildings and equipment, which were worth $$20,000$ more than book value. Accumulated depreciation on the buildings and equipment was $$30,000$ on the acquisition date. Buildings and equipment are depreciated on a $10-$year basis. Although goodwill is not amortized, the management of Hawkeye concluded at December $31,20$X$8,$ that goodwill from its purchase of Gopher shares had been impaired and the correct carrying amount was $$2,500.$ Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders.