only need to solve the required c. thank you

Branson paid $492,000 cash for all of the outstanding common stock of Wolfpack, Inc., on January 1, 2020. On that date, the subsidiary had a book value of $371,000 (common stock of $200,000 and retained earnings of $171,000), although various unrecorded royalty agreements (10-year remaining life) were assessed at a $102,000 fair value. Any remaining excess fair value was considered goodwill. In negotiating the acquisition price, Branson also promised to pay Wolfpack's former owners an additional $80,000 if Wolfpack's income exceeded $90,000 total over the first two years after the acquisition. At the acquisition date, Branson estimated the probability-adjusted present value of this contingent consideration at $56,000. On December 31, 2020, based on Wolfpack's earnings to date, Branson increased the value of the contingency to $64,000. During the subsequent two years, Wolfpack reported the following amounts for income and dividends: 2020 2021 Net Income $ 49,900 59,900 Dividends Declared $ 10,000 20,000 In keeping with the original acquisition agreement, on December 31, 2021, Branson paid the additional $80,000 performance fee to Wolfpack's previous owners. Prepare each of the following: a. Branson's entry to record the acquisition of the shares of its Wolfpack subsidiary. b. Branson's entries at the end of 2020 and 2021 to adjust its contingent performance obligation for changes in fair value and the December 31, 2021, payment. c. Prepare consolidat worksheet entries as of December 31, 2021, assuming that Branson has applied the equity method. d. Prepare consolidation worksheet entries as of December 31, 2021, assuming that Branson has applied the initial value method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare consolidation worksheet entries as of December 31, 2021, assuming that Branson has applied the equity method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries 4 5 > Prepare entry I to record the accrual of equity earnings. Note: Enter debits before credits. Event Accounts Debit Credit