Note: The entries are correct. I need help understanding how to get the values

Prime Corporation acquired 80 percent of Steak Company's voting shares on January 1, 20X4, for $311,520 in cash and marketable securities. At that date, the noncontrolling interest had a fair value of $77,880 and Steak reported net assets of $309,400. Assume Prime uses the fully adjusted equity method. Trial balances for the two companies on December 31, 20X7, are as follows: $ $ Steak Company Debit Credit 28,000 88,000 128,000 580,000 Prime Corporation Debit Credit 148,300 98,000 188,000 780,000 311,520 434,600 29,000 42,000 68,000 $ 328,000 118,000 480,000 Item Cash Accounts Receivable Inventory Buildings & Equipment Investment in Steak Company Cost of Goods Sold Depreciation Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Bond Premium Common Stock Additional Paid-in Capital Retained Earnings Sales Other Income Income from Steak Company Total 220,000 19,000 36,000 43,000 $ 218,000 117,000 33,200 280,000 4,400 118,000 16,000 220,400 305,000 48,000 346,620 536,000 38,400 34,400 $2,099,420 $2,099,420 $1,142,000 $1,142,000 Additional Information 1. The full amount of the differential at acquisition was assigned to buildings and equipment with a remaining 10-year economic life. 2. Prime and Steak regularly purchase inventory from each other. During 20X6, Steak Company sold inventory costing $26,000 to Prime Corporation for $40,000, and Prime resold 60 percent of the inventory in 20X6 and 40 percent in 20X7. Also in 20X6, Prime sold inventory costing $20,250 to Steak for $27,000. Steak resold two-thirds of the inventory in 20x6 and one-third in 20x7. 3. During 20X7, Steak sold inventory costing $19,500 to Prime for $30,000, and Prime sold items purchased for $9,750 to Steak for $13,000. Before the end of the year, Prime resold one-third of the inventory it purchased from Steak in 20X7. Steak continues to hold all the units purchased from Prime during 20x7. 4. Steak owes Prime $15,000 on account on December 31, 20x7. 5. Assume that both companies use straight-line depreciation and that no property, plant, and equipment has been purchased since the acquisition. The trial balance data can be converted to reflect use of the cost method by inserting the following amounts in place of those presented for Prime Corporation: Investment in Steak Company Retained Earnings Income from Steak Company Dividend Income $311,520 346,620 34,400 Consolidation Worksheet Entries A B D E F G H Record the amortization of the differential from previous years. Note: Enter debits before credits. Debit Credit Entry 4 Accounts Retained earnings NCI in NA of Steak Company Accumulated depreciation Record entry Clear entry view consolidation entries Consolidation Worksheet Entries A B D E TI G I Record the amortization of the differential for 20x7. Note: Enter debits before credits. Debit Credit Entry 5 Accounts Depreciation expense Accumulated depreciation Record entry Clear entry view co solidation entries Consolidation Worksheet Entries Record the assignment of Steak's undistributed income to NCI. Note: Enter debits before credits. Debit Credit Entry 6 Accounts INCI in NI of Steak Company Retained earnings NCI in NA of Steak Company Record entry Clear entry view consolidation entries Prime Corporation acquired 80 percent of Steak Company's voting shares on January 1, 20X4, for $311,520 in cash and marketable securities. At that date, the noncontrolling interest had a fair value of $77,880 and Steak reported net assets of $309,400. Assume Prime uses the fully adjusted equity method. Trial balances for the two companies on December 31, 20X7, are as follows: $ $ Steak Company Debit Credit 28,000 88,000 128,000 580,000 Prime Corporation Debit Credit 148,300 98,000 188,000 780,000 311,520 434,600 29,000 42,000 68,000 $ 328,000 118,000 480,000 Item Cash Accounts Receivable Inventory Buildings & Equipment Investment in Steak Company Cost of Goods Sold Depreciation Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Bond Premium Common Stock Additional Paid-in Capital Retained Earnings Sales Other Income Income from Steak Company Total 220,000 19,000 36,000 43,000 $ 218,000 117,000 33,200 280,000 4,400 118,000 16,000 220,400 305,000 48,000 346,620 536,000 38,400 34,400 $2,099,420 $2,099,420 $1,142,000 $1,142,000 Additional Information 1. The full amount of the differential at acquisition was assigned to buildings and equipment with a remaining 10-year economic life. 2. Prime and Steak regularly purchase inventory from each other. During 20X6, Steak Company sold inventory costing $26,000 to Prime Corporation for $40,000, and Prime resold 60 percent of the inventory in 20X6 and 40 percent in 20X7. Also in 20X6, Prime sold inventory costing $20,250 to Steak for $27,000. Steak resold two-thirds of the inventory in 20x6 and one-third in 20x7. 3. During 20X7, Steak sold inventory costing $19,500 to Prime for $30,000, and Prime sold items purchased for $9,750 to Steak for $13,000. Before the end of the year, Prime resold one-third of the inventory it purchased from Steak in 20X7. Steak continues to hold all the units purchased from Prime during 20x7. 4. Steak owes Prime $15,000 on account on December 31, 20x7. 5. Assume that both companies use straight-line depreciation and that no property, plant, and equipment has been purchased since the acquisition. The trial balance data can be converted to reflect use of the cost method by inserting the following amounts in place of those presented for Prime Corporation: Investment in Steak Company Retained Earnings Income from Steak Company Dividend Income $311,520 346,620 34,400 Consolidation Worksheet Entries A B D E F G H Record the amortization of the differential from previous years. Note: Enter debits before credits. Debit Credit Entry 4 Accounts Retained earnings NCI in NA of Steak Company Accumulated depreciation Record entry Clear entry view consolidation entries Consolidation Worksheet Entries A B D E TI G I Record the amortization of the differential for 20x7. Note: Enter debits before credits. Debit Credit Entry 5 Accounts Depreciation expense Accumulated depreciation Record entry Clear entry view co solidation entries Consolidation Worksheet Entries Record the assignment of Steak's undistributed income to NCI. Note: Enter debits before credits. Debit Credit Entry 6 Accounts INCI in NI of Steak Company Retained earnings NCI in NA of Steak Company Record entry Clear entry view consolidation entries