Need help with the items marked in red... This is the Equity Method (NOT cost method)

Exercise 4-5 On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set Company for $658,050, an amount $20,400 in excess of the book value of equity acquired. The excess relates to the understatement of Set Company's land holdings. Excerpts from the consolidated retained earnings section of the consolidated statements workpaper for the year ended December 31, 2014, follow: Set Company 194,300 1/1/14 retained earnings Consolidated Balances 858,400 456,600 Net income from above 136,400 Dividends declared (47,200) (93,200) 12/31/14 retained earnings to the balance sheet 283,500 1,221,800 Set Company's stockholders' equity is composed of common stock and retained earnings only. Your answer is partially correct. Try again. Prepare the eliminating entries required for the preparation of a consolidated statements workpaper on December 31, 2014, assuming the use of the equity method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Account Titles and Explanation Debit Credit Equity in Subsidiary Income 122760 Investment in Subsidiary 122760 (To record dividend income) Common Stock - Subsidiary Company 514200 Retained Earnings - Subsidiary Company 194300 Difference between Implied and Book Value 22667 Investment in Subsidiary 658050 Noncontrolling Interest 73117 (To eliminate investment in subsidiary and create noncontrolling interest) Land 22667 Difference between Implied and Book Value 22667 (To eliminate excess of the book value of equity acquired.)