On January $1$st $2000$ Bilbo Company purchased all of the stock of Froto Company at book value

Bilbo accounts for its purchase of Froto using the initial value $($cost$)$ method and Froto does not pay any dividends

On July $1$st $2023,$ Froto purchased $$900,000$ of inventory from Gandoff Company paying cash. Gandoff is independ

On October $1$st $2023$ Froto Sold the inventory to Bilbo for $$1,200,000$ cash. Froto uses the perpetual method for in

At the end of $2023$ Bilbo had not sold any of the inventory acquired from Froto

During $2024$ Bilbo sold $1/2$ of the inventory acquired from Froto for $$800,000$

During $2025$ Bilbo sold the rest of the inventory acquired from Froto for $$900,000.$

REQUIRED:

$1)$ Make Froto's journal entry when they sell the merchandise to Bilbo $($Froto uses perpetua

$2)$ Make Bilbo's journal entry when it buys the merchandise from Froto, Bilbo uses periodic

$3)$ make any necessary worksheet entried needed in $2023$ connected with the inventory

$4)$ in $2023$ Bilbo reported $($unconsolidated$)$ inventory: $$2,000,000$ cost of goods sold $$5,000$

inventory $$400,000$ cost of goods sold $$4,000,000$ income $$600,000$ What is consolida

$5)$ make any worksheet entried needed $2024$

$6)$ In $2024$ Bilbo reported $($unconsolidated $)$ inventory $$2,000,000$ cost of goods sold $$5,000$

inventory $$400,000$ cost of goods sold $$4,000,000$ income $$600,000$ what is consolidated

$7)$ make any worksheet entries needed $2025$

$8)$ in $2025$ Bilbo reported $($unconsolidated$)$ inventor $$2,000,000$ cost of goods sold $$5,000,0$

inventory $$400,000$ cost of goods sold $$4,000,000$ income $$600,000$ what is consolidated