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I can't seem to get the math right on these ones Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc., purchased

I can't seem to get the math right on these ones

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Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc., purchased on December 31, 20%, for $2,160,000. At the date of acquisition, Sword reported common stock with a parvalue of $020,000, additional paid-in capital of $1,270,000, and retained earnings of $530,000. The fair value of the noncontrolling interest at acquisition was $720,000. The differential at acquisition was attributable to the following items: Inventory {sold in 29x2) 5 40,000 Land 56,000 Goodwill 54,000 Total Differential $150,000 During 20x2, Prince sold a plot of land that it had purchased several years before to Sword at a gain of $22400; Sword continues to hold the land. In 20KB, Prince and Sword entered into a ve-year contract under which Prince provides management consulting services to Sword on a continuing basis; Sword pays Prince a fixed fee of $88,000 per year for these services. At December 31, 20KB, Sword owed Prince $22,000 as the final 20KB quarterly payment under the contract. On January 2, 20X8, Prince paid $260,000 to Sword to purchase equipment that Sword was then carrying at $300,000. Sword had purchased that equipment on December 2'}, 20x2, for $450,000. The equipment is expected to have a total 15-year life and no salvage value- The amount of the differential assigned to goodwill has not been impaired. At December 31, 201KB, trial balances for Prince and Sword appeared as follows: Prince Corporation Smrd Distributors Inc. Item Debit Credit Debit Credit Cash 5 59,106 5 4?,909 Current Receivables 113,300 101,400 Inventory 290,000 230,900 Investment in Sword Distributors 2,836,600 Land 411,930 1,216,000 Buildings 8; Equipment 2,480,000 3,180,000 Cost of Goods Sold 2,176,000 521,000 Depreciation 8 Amortization 196,000 20,000 Other Expenses 1,380,000 211,000 Dividends Declared 42,000 12,000 Accumulated Depreciation $1,099,000 $ 403,000 Dividends Declared 42,309 12,666 Accumulated Depreciation $1,699,666 5 463,666 Current Payables 91,266 526,366 Bonds Payable 865,666 183,666 Common Stock 81,666 926,666 Additional Paid-in Capital 1,255,666 1,276,666 Retained Earnings, Januaryr 1 1,464,866 1,326,666 Sales 4,93?,666 994,390 Other Income or Loss 95,666 34,666 Income from Sword Distributors 145, 566 Total $9,984,166 $9,934,109 $5,623,366 $5,523,309 is of December 31, 20KB, Sword had declared but not yet paid its fourthquarter dividend of$5,000_ Both companies use straightline depreciation and amortization. Prince uses the fully adjusted equity method to account for its investment in Sword. Required: a. Compute the amount of the differential as of January 1, 2OX8. b. Verify the balance in Prince's Investment in Sword Distributors account as of December 31, 20KB. c. Present all consolidation entries that would appear in a threepart consolidation worksheet as of December 31, 20KB. {If no entry is required for a transactionfevent. select \"No journal entry required\" in the rst account eld. Round your answers to nearest whole dollar amount.) View transaction list Consolidation Worksheet Entries

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