On January 1, 2013, Point Corporation acquired an 80% interest in Sharp Company for $2,001,000. At that time Sharp Company had common stock of $1,518,000 and retained earnings of $692,000. The book values of Sharp Company's assets and liabilities were equal to their fair values except for land and bonds payable. The land had a fair value of $98,000 and a book value of $79,000. The outstanding bonds were issued at par value on January 1,2008, pay 9% annually, and mature on January 1,2018 . The bond principal is $497.000 and the current yield rate on similar bonds is 7%. Prepare the workpaper entries necessary on December 31, 2013, to allocate and depreciate the difference between book value and the value implied by the purchase price. (Round answers to 0 decimal places, e.g. 5,125. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)