On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set Company for $660,780, an amount $20,700 in excess of the book value of equity acquired. The excess relates to the understatement of Set Company's land holdings. Excerpts from the consolidated retained earnings section of the consolidated statements workpaper for the year ended December 31, 2014, follow: Set Company 198,300 121,100 (47,400) 272,000 Consolidated Bafances 1/1/14 retained earnings Net income from above Dividends declared 12/31/14 retained earnings to the balance sheet 881,700 387,900 (79,600) 1,190,000 Set Company's stockholders' equity is composed of common stock and retained earnings only Prepare the eliminating entries required for the preparation of a consolidated statements workpaper on December 31, 2014, assuming the use of the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Account Titles and Explanation Debit Credit To record dividend income) (To eliminate investment in subsidiary and create noncontrolling interest) (To eliminate excess of the