Kindly solve the following question (with steps)

You are required to: (a) Prepare the working paper entry on December 31, 2021, to eliminate the Equity in subsidiary income and intercompany dividends. Answer: Debit Credit Equity in subsidiary income [A] Dividends declared - S [B] Investment account [C] (b) Prepare the working paper elimination entries on December 31, 2021, to eliminate the investment account. Answer: Debit Credit Common stock [D] Retained earnings [E] Difference - implied and book values [F] Noncontrolling interest [G] Investment in S company [H] (c) Noncontrolling interest to be included on the Balance Sheet on December 31, 2021 - Hint: Take the noncontrolling interest amount you found in (b), and add the non-controlling interest share in S income for the year ended December 31, 2021 after deducting dividends to non-controlling interest. Answer: 0