On Januari 2, 20X1, PT Parker acquired 75% of PT Spider's ownership by issuing 300.000 shares of common stock, par value of Rp1.000, at Rp2.000 per share. Parker also paid cost related to acquisition of Rp30.000.000 and cost related to the stock issuance of Rp20.000.000.

At acquisition date, Spider reported common stock of Rp300.000.000, additional paid-in capital of Rp100.000.000, and retained earnings of Rp200.000.000 respectively. Fair value of noncontrolling interest was Rp200.000.000. On Januari 2, 20X1, carrying amount and fair value of Spider 's assets and liabilities were equal, except for:

Account	Carrying Amount	Fair Value
Inventory	75.000.000	73.000.000
Land	220.000.000	250.000.000
Equipment (net)	40.000.000	37.000.000
Bonds Payable	120.000.000	115.000.000

Spider sold all inventory it held at the beginning of 20X1 during 20X1. Equipment held by Spider at the date of acquisition had a remaining economic life of three years. Parker and Spider use straight-line method as depreciation method. At the acquisition date, the bonds payable had remaining maturity of five years. The difference between fair value and carrying amount of bond payable is amortized using straight-line method.

Management of Parker reviews the goodwill for impairment in the end of each year. At December 31, 20X1, the management concluded that goodwill from its acquisition of Spider shares had been impaired and incurred impairment loss of Rp50.000.000. Parker accounts for its investment in Spider using equity method

Required:

1. Provide differential incurred at acquisition date (January 2, 20X1).

2. Provide the journal entries recorded by Parker during 20X1 on its books if it accounts for its investment in Spider using Equity method

3. Provide the consolidating (eliminating) entries needed at December 31, 20X1, to prepare consolidated financial statements.

4. Provide computation of consolidated net income and its allocation to noncontrolling interest and controlling interest.

5. Complete the consolidation worksheet.