I need help with C and D

Prepare consolidation spreadsheet for intercompany sale of land - Equity method Assume that a parent company acquired its subsidiary on January 1, 2011, at a purchase price that was $310,000 in excess of the book value of the subsidiary's Stockholders' Equity on the acquisition date. Of that excess, $210,000 was assigned to an unrecorded Patent owned by the subsidiary that is being amortized over a 10-year period. The [A] Patent asset has been amortized as part of the parent's equity method accounting. The remaining $100,000 was assigned to Goodwill. In 2012, the wholly owned subsidiary sold Land to the parent for $95,000. The Land was reported on the subsidiary's balance sheet for $70,000 on the date of sale. The parent uses the equity method to account for its Equity Investment Financial statements of the parent and its subsidiary for the year ended December 31, 2013 are presented in d. below: . 0 OX 0 OX 0 OX 0 c. Prepare the consolidation entries for the year ended December 31, 2013. Consolidation Worksheet Description Debit Credit Income (loss) from subsidiary 0x Dividends Equity investment [E] Common stock APIC BOY retained earnings Equity investment 0 [A] Patent 0 x Goodwill Equity investment 0 x [D] Operating expenses 0 Patent [lgain] Equity investment OX PPE, net 0X 0 4 > > 0X 0 OX 0 0 4 OX 0 0X 0 0X 0 $ OOO OOO d. Prepare the consolidation spreadsheet for the year ended December 31, 2013. Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Elimination Entries Income statement: Parent Sub Dr cr Consolidate Sales $3,000,000 $377,000 Cost of goods sold (2,100,000) (225,000) Gross profit 900,000 152,000 Income (loss) from subsidiary 33,500 [C] Operating expenses (570,000) (97,500) [D] 0X Net income $363,500 $54,500 Statement of retained earnings: BOY retained earnings $1,477,200 $193,750 [E] Net income 363,500 54,500 Dividends (84,375) (6,825) OC EOY retained earnings $1,756,325 $241,425 Balance sheet: Assets $341,566 $123,211 0X $ 0X $ 0 0 0 $ 0 Cash 0 $ 0 0 0 d. Prepare the consolidation spreadsheet for the year ended December 31, 2013. Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Elimination Entries Income statement: Parent Sub Dr Cr Consolidate Sales $3,000,000 $377,000 0 Cost of goods sold (2,100,000) (225,000) 0 Gross profit 900,000 152.000 0 Income (loss) from subsidiary 33,500 [C] 0 Operating expenses (570,000) (97,500) [D] 0 x 0 Net income $363,500 $54,500 $ Statement of retained earnings: BOY retained earnings $1,477,200 $193,750 [E] 0 x $ Net income 363,500 54,500 Dividends (84,375) (6,825) 0x (C) 0 EOY retained earnings $1,756,325 $241,425 $ 0 Balance sheet: Assets Cash $341,566 $123,211 $ 0 Accounts receivable 384,000 87,000 0 Inventory 582,000 111,750 PPE, net 2,799,600 206,750 0 x [lgain] 0 Patent [A] 0 X 0X [D] Goodwill [A] 0 x 0 Equity investment 519,675 [Igain] OX 0X [C] 0X [E] 0X [A] $4,626,841 $528,711 $ Liabilities and stockholders' equity Accounts payable $224,700 $44,760 $ Other current liabilities 276,816 61,276 0 Long-term liabilities 1,500,000 125,000 0 Common stock 490,500 25,000 [E] 0 x 0 APIC 378,500 31,250 [E] 0 X Retained earnings 1,756,325 241,425 0 $4,626,841 $528,711 $ Ox $ OX $ 0 0 0 0 0 0 0