On January 1, year one, fair values of some Sight's accounts were: \begin{tabular}{|l|r|} \hline Land & $122,000 \\ \hline Building & $274,000 \\ \hline Equipment & $196,000 \\ \hline \end{tabular} There was no impairment of any goodwill arising from the acquisition. Peer uses the equity method for this investment. Part A. Use the data for the Peer Company acquisition of the Sight Company to prepare the consolidation journal entries (sucn as entry S,A, ) for December 31 of year one. Part B. Use the data for the Peer Company acquisition of the Sight Company to prepare the consolidation journal entries (such as entry S,A, ) for December 31 of year two. On January 1, year one, fair values of some Sight's accounts were: \begin{tabular}{|l|r|} \hline Land & $122,000 \\ \hline Building & $274,000 \\ \hline Equipment & $196,000 \\ \hline \end{tabular} There was no impairment of any goodwill arising from the acquisition. Peer uses the equity method for this investment. Part A. Use the data for the Peer Company acquisition of the Sight Company to prepare the consolidation journal entries (sucn as entry S,A, ) for December 31 of year one. Part B. Use the data for the Peer Company acquisition of the Sight Company to prepare the consolidation journal entries (such as entry S,A, ) for December 31 of year two