I would like assistance with the consolidating and eliminating entires. Thank you for your time. I had the Differential at 25K, but had issues with the book to fair values. Some Guidance there would be appreciated.

If this formatting is not satisfactory please comment the correct method.

On January 1, 20X8, Parent Company acquired 80 percent of Scalar Company's ownership for $120,000 cash. At that date, the fair value of the noncontrolling interest was $30,000. The book value of Scalar's net assets at acquisition was $125,000. The book values and fair values of Scalar's assets and liabilities were equal, except for inventory that had a fair value $10,000 more than book value, buildings and equipment, which were worth $15,000 less than book value, patents that had a fair value $40,000 more than book value, and bonds payable which were worth $20,000 more than book value. Buildings and equipment are depreciated on a 10-year basis, the patents had a remaining economic life of five years, and the bonds payable mature in five years. The inventory was all sold in 20X8. Although goodwill is not amortized, the management of Parent concluded at December 31, 20X8, that goodwill from its acquisition of Scalar shares had been impaired and the correct carrying amount was $5,000. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders. No additional impairment occurred in 20X8. Trial balance data for Parent and Scalar on December 31, 20X8, are as follows:

Debit Credit Debit Credit Cash EA 95,000 EA 30,000 Accounts Receivable 60,000 25,000 Inventory 80,000 30,000 Land 150,000 25,000 Buildings and Equipment 300,000 150,000 Investment in Scalar Co. 1 17,200 Cost of Goods Sold 180,000 100,000 Wage Expense 50,000 34,000 Depreciation Expense 30,000 15,000 Interest Expense 25,000 6,000 Other Expenses 40,000 21,000 Dividends Declared 40,000 10,000 Accumulated Depreciation 150,000 $ 36,000 Accounts Payable 70,000 Wages Payable 26,000 31,000 Bonds Payable 9,000 180,000 Common Stock 50,000 150,000 100,000 Retained Earnings 181,000 25,000 Sales 400,000 200,000 Income from Scalar 5,200 1,167,200 $ 1,167,200 $ 446,000 $ 446,000