I'm doing the homework professor given to us, but the question is complete different from what I did in the class and the practice in the book. Please help.

At the beginning of January 1st 2007, the financial position of company Z and B are as follows: On January 1st 2007, Z purchased 70% of B by issuing 700,000 shares of common stock (1 dollars face value and 8 dollars market price). Note that B's PPE has a remaining life of 5 years at the purchase date, and it was overvalued by $500,000, Land was undervalued by 800,000, and patent has a remaining life of 10 years and undervalued by $1,000,000. Z also determines that B's brand name has market value of $1,000,000. Company Z records the investment in Company B using equity method. a. What are the journal entries of Z and B to book the transactions? b. What does the balance sheet of Company Z, and the consolidated balance sheet look like right after the purchaseFill out the table below (note that new accounts may be created due to the consolidation) and write down the consolidation journal entries During 2007, the following transactions took place 1. Z sold a piece of land with cost of $1,500,000 to B for 2,000,000. 2. Z sold products to B for $5,000,000, which cost Z $4,000,000. By the end of 2007, 70 percent of the products were sold for $4,900,000. 3. Z reported income (not taking investment income from B into consideration) of $10,000,000 and announced and paid dividend in the amount of $2,000,000. 4. B reported net income of $3,000,000 and announced and paid dividend in the amount of 1,000,000. c. What is the investment income of Z for 2007? What is the balance of investment account by the end of 2007 for Z? d. What is the amount of income that goes to non-controlling interests? What is the amount of consolidated net income? What is the balance of non-controlling interests by the end of 2008? e. For year 2008, 2009, 2010, 2011, 2012 and 2013, B reported net income of $2,500,000, $2,500,000, $3,500,000, $3,000,000, $4,000,000. 3,500,000, assuming no upstream sales, what should the non-controlling interests' income be for the 6 years