On January 1. 20X8. Bond Corporate acquired 80 percent of Gate Company's voting stock on the date of acquisition, the book value and fair value of Gate's net assets were equal Bond uses the equity method of accounting for its ownership of Gate, and includes the amount of accumulated depreciation prior to acquisition m its elimination entries on the consolidation worksheet On December 31. 20X8. the trial balances of the two companies are as follows What amount did Bond Corporation pay for its investment in Gale Company on January 1. 20X8? $ Prepare the elimination entries required to prepare the consolidated financial statements as of December 31, 20X8. Determine the amount reported on the consolidated financial statements as of December 31, 20X8 for retained earnings. Determine the amount reported on the consolidated financial statements as of December 31, 20X8 for depreciable assets