On January 1, 20x3, subsidiary LTD's stockholders' equity reported the following amounts: 5 %, preferred stock, $100, cumulative and convertible, 10,000 shares authorized, 2,000 issued par value and outstanding, 200,000. Common stock, par value s 5, 500,000 shares authorized 100 00o shares issued and outstanding, 500,000 Additional paid-in-capital: common stock, 175,000. Retained earnings, 160,000: ($160,000 + 60,000* - $ 25,000) $ 5,000 per month = $ 60,000 On January 1, 20 times 3, purchased Subsidiary LTD's bonds which were issued at par for $ 100,000 for $ 98,000. Subsidiary LTD carries the bonds payable on its books without either a premium or discount and will mature on December 31, 20 times 4. During 20 times 3, subsidiary LTD shipped goods costing $80,00o on account to Parent Company for $ 88,000. ($ 80,000 + 0.10 ($ 80,000)) subsidiary LTD reported income of $ 5,000 per month and dividends of $ 25,000 were declared and distributed in December. Parent Company did not sell the inventory until 20 times Prepare all journal entries for Parent Company's investment for 20 times 3 under the equity method. calculate net income attributed to non-controlling interest. Prepare the eliminations and adjustments for the consolidated worksheet for the period ended December 31, 20 times 3