On January $1,2021,$ Petunia Company purchased an $85\%$ interest in the capital stock of

Sunflower Company for $$3,400($Cash $+$ Shares of Petunia Company$).$ Petunia Company uses

the equity method to record its investment in Sunflower Company.

The plant is undervalued by $700(7$ vear remaining life$)$ and the equipment is overvalued by $200$

$(10$ year remaining life$)$ on January $1,2021.$

Balance sheet for the Petunia and Sunflower at acquisition are included on the December $31,$

$2021$ Consolidation worksheets on the last pages.

Required: Answer all questions in the spaces provided below.

$(1$ point$).$ What is the total fair value of Sunflower at acquisition? $$4,000\mathrm{.}00$

$(1$ point$).$ What is the the goodwill of Sunflower at acquisition? $$2,580$

$(1$ point$).$ What is the amount of non$-$controlling Interest reported at acquisition

on the January $1,{2021}_{?}$ balance sheet? $$600\mathrm{.}00$

$(2$ point$).$ Prepare the working paper entry to eliminate any income earned from Sunflower

Corporation during $2021($look to worksheet for amounts$).$

$(2$ points$).$ Prepare the working paper entry to eliminate Petunia's investment in Sunflower

at December $31,2021.$

I NEED HELP WITH THE ENTRIES PLEASE.