Need help with completing the Journal entries, consolidation entries and consolidation worksheet. Thank you in advance.

AutoSave OFF ... Project 2 S21 Data and Answers (1) Q Home Insert Draw Page Layout Formulas Data Review View Analytic Solver Data Mining Tell me Share Comments A1 fx Project 2 Data: D E G H I K L M 1 Project 2 Data: Balances as of December 31, 20X8 Putt Company Debit Credit 15,850 65,000 30,000 150,000 80,000 315,000 160,580 Slice Company Debit Credit 58,000 70,000 10,000 180,000 60,000 240,000 5 Item 6 Cash 7 Accounts Receivable 8 Interest Receivable 9 Inventory 10 Land 11 Buildings and Equipment 12 Investment in Slice Co 13 Bond Discount 14 Cost of Goods Sold 15 Depreciation Expense 16 Interest Expense 17 Other Expense 18 Dividends Declared 19 Accumulated Depreciation 20 Accounts Payable 21 Other Payables 22 Bonds Payable 23 Common Stock 24 Additional Paid in Capital 25 Retained Earnings 26 Sales 27 Other Income 28 Gain on sale of Equipment 29 Income from Slice Company 375,000 25,000 24,000 28,000 30,000 15,000 110,000 10,000 33,000 17,000 5,000 120,000 66,880 30,000 250,000 150,000 30,000 165,240 450,000 28,250 60,000 28,000 20,000 300,000 100,000 100,000 190,400 9,600 8,060 1,298,430 $ 30 $ 1,298,430 $ 808,000 $ 808,000 31 32 Additional Information: 33 1. Putt Company acquired 70 percent ownership of Slice Company on January 1, 20X3 for 158,900 At 34 that date, the fair value of the noncontrolling interest was $68,100. Slice reported common stock outstanding 35 of $100,000 and retained earnings of $85,000. 36 2. On January 1, 20X3, the entire amount of differential is assigned to Goodwill. No impairment of goodwill Data for Project Journal Entries Consolidation Entries Consolidation Worksheet Ready PHP 100% AutoSave OFF a 2 JuliusC-Project 2 S21 Data and Answers Home Insert Draw Page Layout Formulas Data Review View Analytic Solver Data Mining Tell me Share O Comments E7 x fx G H 1 K L M N O P Q R s T U V w Y B c D E F 1 Project 2 Answer Part 3 For help in getting consolidation entries complete and accurate. 2 3 Consolidation Entries Pirate Company Ship Company 4 DR CR Consolidated 5 Income Statement 6 Sales 450,000 190,400 640,400 -375,000 -110,000 -485,000 2,500 -25,000 -24,000 -28,000 -10,000 -33,000 - 17.000 9,600 -37.500 -57,000 45.000 9600 28,250 8,060 34,310 3,500 3,500 30,000 14,280 26,380 40,660 -14,280 15,900 -40,660 -24,760 34,310 30,000 3,500 100,000 -14,280 7 8 Less: COGS 9 10 11 Less: Depreciation Expense 12 Less: Interest Expense 13 Less: Other Expense 14 Plus: Gain on Sale of Equipment 15 Plus: Other Income 16 17 Income from Ship Co. 18 Consolidated Net Income 19 NCI in Net Income 20 Controlling Interest in Net Income 21 22 Statement of Retained Earnings 23 Beginning Balance 24 Net Income 25 Less: Dividends Declared 26 Ending Balance 27 28 Balance Sheet 29 Cash 30 Accounts Receivables 31 Interest Receivable 32 Inventory 33 34 Land 35 Buildings & Equipment 36 Less: Accumulated Depreciation 37 38 Investment in Ship Co. 39 40 41 42 Goodwill 43 Total Assets 165,240 34,310 -30,000 169,550 100,000 30,000 -5,000 125,000 3,500 5,000 8,500 165,240 -24,760 -30,000 110,480 85,720 15,850 65,000 30,000 150,000 58,000 70,000 10,000 180,000 73,850 135,000 40,000 330,000 140,000 80,000 315,000 -120,000 60.000 240,000 -60,000 (2,500) (82,000) (18,000) 160,580 696,430 558,000 (18,000) (84,500) 718,850 44 45 Accounts Payable 46 Bonds Payable 47 Discount on Bonds Payable 66,880 250,000 28,000 300,000 - 15,000 94,880 550,000 Journal Entries Consolidation Entries Consolidation Worksheet + Ready a + 100%