On January 1. 2013. Vacker Co. acquired 70% of Carper Inc. by paying $650,000. This included a $20,000 control premium. Carper reported common stock on that date of $420,000 with retained earnings of $252,000. A building was undervalued m the company's financial records by $28,000 This building had a ten-year remaining life. Copyrights of $80,000 were to be recognized and amortized over 20 years: Carper earned income and paid cash dividends as follows: On December 31.2015. Vacker owed $30, 800 to Carper. There have been no changes in Carper's common stock account since the acquisition Required: If the equity method had been applied by Vacker for this acquisition, what were the consolidation entries needed as of December 31. 2015? From the acquisition value. $28,000 was allocated based on the fan value of the building. With a ten-year remaining life, amortization will be $2, 800 per year of which $1, 960 is attributed to the controlling interest. Copyright amortization would have been $4,000 per year of which $2, 800 is attributed to the controlling interest