I started it but I don't know if I'm doing it correct can someone please help

Consolidation at date of acquisition (purchase price greater than book value, acquisition journal entries Assume that the parent company acquires its subsidiary by exchanging 84,000 shares of its $2 par value Common Stock, with a fair value on the acquisition date of $44 per share, for all of the outstanding voting shares of the investee. In its analysis of the investee company, the parent values all of the subsidiary's assets and liabilities at an amount equaling their book values except for an unrecorded Trademark with a fair value of $240,000, an unrecorded Video Library valued at $600,000, and Patented Technology with a fair value of $125,000. a. Prepare the journal entry that the parent makes to record the acquisition. General Journal Description Debit Equity investment 3,696,000 0 16,800 3,679,200 Credit 0 Common stock APIC 0 b. Given the following acquisition-date balance sheets of the parent and the subsidiary, prepare the consolidation entries. Balance Sheet Parent Subsidiary Assets Cash $514,020 $265,160 Accounts receivable 450,300 633,360 Inventory 650,000 813,540 Equity investment 3,696,000 Property, plant & equipment 10,600,000 2,105,140 $15,910,320 $3,817,200 Liabilities and stockholders' equity Accounts payable $150,480 $177,800 Accrued liabilities 176,640 309,400 Long-term liabilities 3,840,000 910,000 Common stock 428,400 382,000 APIC 3,780,000 427,500 Retained earnings 7,534,800 1,610,500 $15,910,320 $3,817,200 Consolidation Journal Description Debit Credit [E] Common stock 382,000 0 APIC 427,500 Retained earnings 1,610,500 Equity investment 2,420,000 (A) Trademark 240,000 Video library 600,000 0 0 0 0 0 Credit 0 0 0 Consolidation Journal Description Debit [E] Common stock 382,000 APIC 427,500 Retained earnings 1,610,500 Equity investment 0 [A] Trademark 240,000 Video library 600,000 Patented technology 125,000 Goodwill + 311,000 Equity investment 0 2,420,000 0 0 0 0 1,276,000 Credit Consolidated C. Prepare the consolidation spreadsheet. Consolidation Worksheet Parent Subsidiary Debit Assets Cash $514,020 $265,160 Accounts receivable 450,300 633,360 Inventory 650,000 813,540 Equity investment 3,696,000 $ 0 0 0 0 (E)S [A] OO 0 PPE, net Trademark Video library Patented technology Goodwill 0 0 0 10,600,000 2,105,140 [A] (A) [A] - [A] $15,910,320 $3,817,200 0 0 0 0 $ 0 $ 0 0 Liabilities and equity Accounts payable Accrued liabilities Long-term liabilities Common stock APIC Retained earnings 0 $150,480 $177,800 $176,640 $309,400 $3,840,000 $910,000 $428,400 $382.000 [E] $ $3,780,000 $427,500 [EJ $ $7,534,800 $1,610,500 (E) $ $15,910,320 $3,817,200 $ 0 Oool 0 0 0 0 $ d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. Oon the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. 0 0 e 0 2,420,000 [E] Common stock APIC Retained earnings Equity investment [A] Trademark Video library Patented technology Goodwill Equity investment 382,000 427,500 1,610,500 0 240,000 600,000 125,000 311,000 0 0 0 0 0 1,276,000 Credit Consolidated C. Prepare the consolidation spreadsheet. Consolidation Worksheet Parent Subsidiary Debit Assets Cash $514,020 $265,160 Accounts receivable 450,300 633,360 Inventory 650,000 813,540 Equity investment 3,696,000 $ 0 (E) $ [A] 0 OOOO OOOO 10,600,000 2,105,140 0 PPE, net Trademark Video library Patented technology Goodwill 0 [A] [A] [A] (A) 0 0 0 $15,910,320 $3,817,200 $ 0 $ Liabilities and equity Accounts payable Accrued liabilities Long-term liabilities Common stock APIC Retained earnings OOO $150,480 $177,800 $176,640 $309,400 $3,840,000 $910,000 $428,400 $382,000 [E] $ $3,780,000 $427,500 [E] $ $7,534,800 $1,610,500 [E] $ $15,910,320 $3,817,200 $ 0 OOO 0 0 0 $ 0 $ 0 d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. Oon the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Oon the subsidiary's balance sheet embedded in retained earnings. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Consolidation at date of acquisition (purchase price greater than book value, acquisition journal entries Assume that the parent company acquires its subsidiary by exchanging 84,000 shares of its $2 par value Common Stock, with a fair value on the acquisition date of $44 per share, for all of the outstanding voting shares of the investee. In its analysis of the investee company, the parent values all of the subsidiary's assets and liabilities at an amount equaling their book values except for an unrecorded Trademark with a fair value of $240,000, an unrecorded Video Library valued at $600,000, and Patented Technology with a fair value of $125,000. a. Prepare the journal entry that the parent makes to record the acquisition. General Journal Description Debit Equity investment 3,696,000 0 16,800 3,679,200 Credit 0 Common stock APIC 0 b. Given the following acquisition-date balance sheets of the parent and the subsidiary, prepare the consolidation entries. Balance Sheet Parent Subsidiary Assets Cash $514,020 $265,160 Accounts receivable 450,300 633,360 Inventory 650,000 813,540 Equity investment 3,696,000 Property, plant & equipment 10,600,000 2,105,140 $15,910,320 $3,817,200 Liabilities and stockholders' equity Accounts payable $150,480 $177,800 Accrued liabilities 176,640 309,400 Long-term liabilities 3,840,000 910,000 Common stock 428,400 382,000 APIC 3,780,000 427,500 Retained earnings 7,534,800 1,610,500 $15,910,320 $3,817,200 Consolidation Journal Description Debit Credit [E] Common stock 382,000 0 APIC 427,500 Retained earnings 1,610,500 Equity investment 2,420,000 (A) Trademark 240,000 Video library 600,000 0 0 0 0 0 Credit 0 0 0 Consolidation Journal Description Debit [E] Common stock 382,000 APIC 427,500 Retained earnings 1,610,500 Equity investment 0 [A] Trademark 240,000 Video library 600,000 Patented technology 125,000 Goodwill + 311,000 Equity investment 0 2,420,000 0 0 0 0 1,276,000 Credit Consolidated C. Prepare the consolidation spreadsheet. Consolidation Worksheet Parent Subsidiary Debit Assets Cash $514,020 $265,160 Accounts receivable 450,300 633,360 Inventory 650,000 813,540 Equity investment 3,696,000 $ 0 0 0 0 (E)S [A] OO 0 PPE, net Trademark Video library Patented technology Goodwill 0 0 0 10,600,000 2,105,140 [A] (A) [A] - [A] $15,910,320 $3,817,200 0 0 0 0 $ 0 $ 0 0 Liabilities and equity Accounts payable Accrued liabilities Long-term liabilities Common stock APIC Retained earnings 0 $150,480 $177,800 $176,640 $309,400 $3,840,000 $910,000 $428,400 $382.000 [E] $ $3,780,000 $427,500 [EJ $ $7,534,800 $1,610,500 (E) $ $15,910,320 $3,817,200 $ 0 Oool 0 0 0 0 $ d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. Oon the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. 0 0 e 0 2,420,000 [E] Common stock APIC Retained earnings Equity investment [A] Trademark Video library Patented technology Goodwill Equity investment 382,000 427,500 1,610,500 0 240,000 600,000 125,000 311,000 0 0 0 0 0 1,276,000 Credit Consolidated C. Prepare the consolidation spreadsheet. Consolidation Worksheet Parent Subsidiary Debit Assets Cash $514,020 $265,160 Accounts receivable 450,300 633,360 Inventory 650,000 813,540 Equity investment 3,696,000 $ 0 (E) $ [A] 0 OOOO OOOO 10,600,000 2,105,140 0 PPE, net Trademark Video library Patented technology Goodwill 0 [A] [A] [A] (A) 0 0 0 $15,910,320 $3,817,200 $ 0 $ Liabilities and equity Accounts payable Accrued liabilities Long-term liabilities Common stock APIC Retained earnings OOO $150,480 $177,800 $176,640 $309,400 $3,840,000 $910,000 $428,400 $382,000 [E] $ $3,780,000 $427,500 [E] $ $7,534,800 $1,610,500 [E] $ $15,910,320 $3,817,200 $ 0 OOO 0 0 0 $ 0 $ 0 d. Where were the intangible assets on the parent or subsidiary's balance sheets? Oon the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. Oon the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. Oon the subsidiary's balance sheet embedded in retained earnings. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet