need the answer to Part B only

5. On January 1, 2019, P acquired all of the outstanding common stock of S for $1,000,000. On the date of acquisition, the book value and fair market value of S's assets and liabilities were as follows: Book Value 200,000 300,000 160,000 340,000 Fair Market Value 300,000 500,000 Land Patent (10 yrs) Common Stock Retained Earnings a) Assuming that S uses push-down accounting, prepare the elimination entries as of 1/1/19. b) If P owns land with a $400,000 BV and a $600,000 FMV, determine the amount of land on the separate books of P and S AND on the consolidated balance sheet as of 1/3/19 () assuming that S does NOT use push-down accounting (i) assuming that S USES push-down accounting AND