only do required a1, a2, and b. I already did parts c1, c2, and d on my own.

On January 1, 20x1, Par Company purchased all the outstanding stock of South Bay Campany. focaled in Canada. for $121,500. On January 1, 20X1, the direct exchange rate for the Canadian dollar (C$) was C $1=$0.81. South Bay's book value on January 1 , 201, w. C\$99,000. The fair value of South Bay's plant and equipment was C$9,300 more than book value. and the plant and equipment are being depreclated over 10 years with no salvage value. The remainder of the differential is attributable to a trademark, which will be amortized over 10 years. During 20X1, South Bay earned C$15.000 in income and declared and paid C$8,800 in dividends. The dividends were declared and paid in Canadian dollars when the exchange rate was $1=$0.75. On December 31,201, Par continues to hold the Canadian currency recelved from the dividend. On December 31,201, the direct exchange rate is 6$1=$0.64. The average exchange rate during 20X1 was C$1=$0.76. Management has determined that the Canadian dollar is South Bay's appropriate functional currency Required: 0. Prepare a schedule showing the differentlal allocation and amortization for 201. The schedule should present both canadian dollars and U.S. dollars. b. Par uses the fully adjusted equity method to account for its investment. Provide the entrles that it would record in 201 for its Investment in South Bay for the following items: c. Prepare a schedule showing the proof of the translation adjustment for South Bay as a result of the translation of the subsidiary's accounts from Canadian dollars te US. dollars. Then provide the entry that Par would record for its share of the translation adjustment resulting from the translation of the subsidiary's accounts. d. Provide the entry required by Par to restate the C$8,800 in the Foreign Currency Units account into its year-end U.S. dollarequivalent value. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a schedule showing the diffsrential allocation and amortization for 201. The schedule should present both Canadian dollars and U.S. dollars. Note: Amounts to be deducted should be entered with a minus sign. Round "Exchange Rate" answers to 2 decimal places and rest of answers to nearest whole dollar. ( ) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a schedule showing the differential allocation and amortization for 201. The schedule should present both Canadian dollars and U.S. dollars, Note: Amounts to be deducted should be entered with a minus sign. Round "Exchange Rate" answers to 2 decimal places and rest of answers to nearest whole dollar. Show less A Par uses the fully adjusted equity method to account for its investment in South Bay for the following items: Note: If no entry is required for a transaction/event, select nearest whole dollar. A) Record the acquisition of South Bay Company. Record the equity in income of the subsidiary. C Record the dividend from the foreign subsidiary. D Record the amortization of the differential. E Record the entry to recognize the translation adjustment on the differential. Note : = journal entry has been entered