P Co. acquires 90% interest in S Co. on 1-1-17. The difference between book value and the purchase price is due to an increase of $100,000 in the value of the inventory, an increase in the value of equipment, with a remaining life of 4 years of $200,000, and the recognition of $100,000 of goodwill. prepare the eliminating entries needed on EACH of December 31, 2017 and on December 31, 2018 to eliminate the difference between cost and implied value on these dates. label each year's entries.