On January 1, 2019, Plymouth Corporation purchased an 80% interest in Salem Company for $800,000. A summary of Salem's balance sheet on that date revealed the following:

Book ValueFair Value

Receivables$100,000$100,000

Inventory350,000370,000

Equipment500,000650,000

Land250,000330,000

$1,200,000$ 1,450,000

Liabilities$300,000

Common stock500,000

Retained earnings400,000

$1,200,000

The equipment had an original life of 20 years and has a remaining useful life of 10 years.

A.Calculate the difference between implied and book value solve in Microsoft word please

B.Determine the allocation of the difference between implied and book value solve in Microsoft word please

C.For the January 1, 2019, Prepare the eliminating/adjusting entries needed on the consolidated workpaper solve in Microsoft word please