On January 1, 2013, Piper Company acquired an 80% interest in Sand Company for $2,165,100. At that time the common stock and retained earnings of Sand Company were $1,746,400 and $723,600, respectively. Differences between the fair value and the book value of the identifiable assets of Sand Company were as follows: The book values of all other assets and liabilities of Sand Company were equal to their fair values on January 1, 2013. The equipment had a remaining useful life of eight years. Inventory is accounted for on a FIFO basis. Sand Company's reported net income and declared dividends for 2013 through 2015 are shown here: Prepare the eliminating/adjusting entries needed on the consolidated worksheet for the years ended 2013, 2014, and 2015. Assume the use of the complete equity method. (If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. Credit occount tittes are automatically indented when the omount is entered. Do not indent manually.) Cost of Goods Sold Equipment Depreciation Expense Goodwill Difference between Implied and Book Value (To allocate and depreciate the difference between implied and book value) 2014 Equity in Subsidiary lncome Investment in Subsidiary Dividends Declared - Subsidiary Company (To eliminate intercompany dividends and income) Common Stock Retained Eamings Ditference between Implied and Book Value Imvestment in Subsidiary Noncontrolling Interest (To eliminate investment account and create noncontrolling interest account) Imestment in Subsidiary Noncontrolling interest Depreciation Expense Equipment Goodwill Difterence between Implied and Blook Value Noncontrolling interest Depreciation Expense Equipment Goodwill Difference between Implied and Book Value (To allocate and depreciate the difference between implied and book value) 2015 Equity in Subsidiary Income Investment in Subsidiary Dividends Declared - Subsidiary Company (To eliminate intercompany dividends and income) Common Stock Retained Earnings Difference between Implied and Book Value Investment in Subsidiary Noncontrolling Interest (To eliminate investment account and create noncontrolling interest account) Investment in Subsidiary Noncontrolling Interest Depreciation Expense Equipment Goodwill Difference between Implied and Book Value (To aliocate and depreciate the difference between implied and book value)