On January 1, 2021, John Doe Enterprises (JDE) acquired a 55% interest in Bubba Manufacturing, Inc. (BMI). JDE paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 per share). On January 1, JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. At the time of the acquisition, BMI's book value was $16,970,000. The price per share paid by the JDE equals the noncontrolling interest per share fair value. Any consideration transferred over book value is assigned to identifiable assets and liabilities and goodwill. BMI had the following balances on January 1, 2021.

	Book Value	Fair Value
Land	$1,700,000	$2,550,000
Buildings (7-year remaining life)	2,700,000	3,400,000
Equipment (5-year remaining life)	3,700,000	3,300,000

For internal reporting purposes, JDE employed the equity method to account for this investment. The following account balances are for the year ending December 31, 2021 for both companies.

	John Doe Enterprises	Bubba Manufacturing
Revenues	(298,000,000)	(103,750,000)
Expenses	271,000,000	95,800,000
Equity in income of Bubba Manufacturing	(4,361,500)	-
Net income	(31,361,500)	(7,950,000)
Retained earnings, January 1, 2021	(2,500,000)	(100,000)
Net income (above)	(31,361,500)	(7,950,000)
Dividends declared and paid	5,000,000	3,000,000
Retained earnings, December 31, 2021	(28,861,500)	(5,050,000)
Current Assets	30,500,000	20,800,000
Investment in Bubba manufacturing	13,161,500
Land	1,500,000	1,700,000
Buildings	5,600,000	2,360,000
Equipment (net)	3,100,000	2,960,000
total assets	53,861,500	27,820,000
Accounts payable	(3,100,000)	(4,900,000)
Notes payable		(1,000,000)
Common stock	(2,900,000)	(6,000,000)
Additional paid-in capital	(19,000,000)	(10,870,000)
Retained earnings, Dec 31, 2021 (above)	(28,861,500)	(5,050,000)
Total liabilities and stockholders' equity	(53,861,500)	(27,820,000)

Required: Prepare consolidation worksheet entries for December 31, 2021

Entry	Account Title	Debit	Credit
	2021 Entries
(S)
(A)
(I)
(D)
(E)