Obviously show work... integral part of this homework. Sarko Company had 300,000 shares of $10 par value common stock outstanding at all times, and retained earnings balances as indicated here (no Other Contributed Capital) Retained Earnings 1/1/2013 300,000 1/1/2014 600,000 1/1/2015 900,000 1/1/2016 1,200,000 1/1/2017 2,400,000 12/31/2017 3,000,000 Pelzer Company acquired Sarko Company stock through open-market purchases as follows: Date % Acquired Shares Cost 1/1/2013 10% 30,000 360,000 1/1/2014 25% 75,000 1,125,000 1/1/2015 45% 135,000 2,700,000 Sarko Company declared no dividends during this period. The fair values of Sarko Company's assets and liabilities were equal to their book values throughout this period (2013 through 2015). Pelzer Company uses the cost method in all years. A. Determine realized gain that Pelzer records on 1/1/15- B. Prepare eliminating entry on 12/31/2015. C. Prepare eliminating entry on 12/31/2016. D. On 7/1/2017, Pelzer sold 20% of its holding for $50/share. Assume that the half of S' net income in 2017 is earned during 1/1-6/30. Prepare eliminating entry on 12/31/2017. E. Assume the same as D. For 2017, determine consolidated net income and net income attributable to P. F. Repeat A-E if Pelzer uses equity method