I need help walking me through this problem. Attached is the problem and financial statements needed.

That is all the information I was given and the second image is the financial statement values.

U llation problem g 2020 on January 1, 2019 Strolle Company acquired a 20 interest in Haley Company. At the acquisition dute the fair value of the company (70% maiority 30 noncontrolling interest exceeded the book value of Hailey's net assets by $500.000. Strolle uses the ty method to account for its investment in Halley Strolle assigned the acquisition date AAP as follows: Useful life (years) AAP item Patent Plant Goodwill Initial Fair Value 100,000 250,000 150,000 500,000 10 Hailey sells inventory to Strolle unstream which Strolle ultimately sell to customers outside of the controlled group. The data for 2024 and 2025: 2024 305,500 (259,675) 45.825 Intercompany sales Cost of goods sold Gross Profit % inventory remaining Gross profit deferred EOY Receivable/payable 2025 500,000 (440,000) 60,000 40% 2 4,000 22,913 On January 1, 2023 Strolle sold some equipment to Hailey for $20,000. The net book value of the equipment on Strolle's balance sheet was $50,000 on that date. At the date of sale the equipment has a 5 year useful life. During 2025 Stroll sold land to Hailey with a book value of 25,000 for 28,000. A consolidation worksheet is attached with the financial statements of Strolle and Hailey at December 25, 2025. Required: Prepare the consolidation working paper entries for December 31, 2025. Write them in journal entry form. You do not have to post to the worksheet, but you may if you find that to be helpful. You will need to add some rows to fit all of your entries. It will be helpful for you to show how Strolle computed the equity income of $7,939 and the balance in the investment account (both beginning and end). 31-Dec-25 Con Sales Cost of good sold Gross Profit Equity Income from subsidiary Operating expenses Gain on sale of land Net Income Stroll Hailey 4,500,000 750,000 -3,825,000 -660,000 675,000 90,000 7,939 -323,000 -34,000 3,000 362,939 56,000 Retained Earnings, Jan.1,2025 Net Income Dividends Retained earnings, Dec. 31, 2025 4,483,000 362,939 -105,400 4,740,539 440,000 56,000 -10,000 486,000 Cash Accounts receivable Inventory Equity Investment PPE, net 425,000 545,000 425,000 420,000 304,000 654,000 776,600 6,717,539| 8,872,139 420,000 1,815,000 Current liabilities Long-term liabilities Common Stock APIC Retained earnings 340,000 1,750,000 836,000 1,205,600 4,740,539 8,872,139 175,000 753,000 92,100 308,900 486,000 1,815,000 U llation problem g 2020 on January 1, 2019 Strolle Company acquired a 20 interest in Haley Company. At the acquisition dute the fair value of the company (70% maiority 30 noncontrolling interest exceeded the book value of Hailey's net assets by $500.000. Strolle uses the ty method to account for its investment in Halley Strolle assigned the acquisition date AAP as follows: Useful life (years) AAP item Patent Plant Goodwill Initial Fair Value 100,000 250,000 150,000 500,000 10 Hailey sells inventory to Strolle unstream which Strolle ultimately sell to customers outside of the controlled group. The data for 2024 and 2025: 2024 305,500 (259,675) 45.825 Intercompany sales Cost of goods sold Gross Profit % inventory remaining Gross profit deferred EOY Receivable/payable 2025 500,000 (440,000) 60,000 40% 2 4,000 22,913 On January 1, 2023 Strolle sold some equipment to Hailey for $20,000. The net book value of the equipment on Strolle's balance sheet was $50,000 on that date. At the date of sale the equipment has a 5 year useful life. During 2025 Stroll sold land to Hailey with a book value of 25,000 for 28,000. A consolidation worksheet is attached with the financial statements of Strolle and Hailey at December 25, 2025. Required: Prepare the consolidation working paper entries for December 31, 2025. Write them in journal entry form. You do not have to post to the worksheet, but you may if you find that to be helpful. You will need to add some rows to fit all of your entries. It will be helpful for you to show how Strolle computed the equity income of $7,939 and the balance in the investment account (both beginning and end). 31-Dec-25 Con Sales Cost of good sold Gross Profit Equity Income from subsidiary Operating expenses Gain on sale of land Net Income Stroll Hailey 4,500,000 750,000 -3,825,000 -660,000 675,000 90,000 7,939 -323,000 -34,000 3,000 362,939 56,000 Retained Earnings, Jan.1,2025 Net Income Dividends Retained earnings, Dec. 31, 2025 4,483,000 362,939 -105,400 4,740,539 440,000 56,000 -10,000 486,000 Cash Accounts receivable Inventory Equity Investment PPE, net 425,000 545,000 425,000 420,000 304,000 654,000 776,600 6,717,539| 8,872,139 420,000 1,815,000 Current liabilities Long-term liabilities Common Stock APIC Retained earnings 340,000 1,750,000 836,000 1,205,600 4,740,539 8,872,139 175,000 753,000 92,100 308,900 486,000 1,815,000