Part A:

Part B:

You have the use the first pictures (Part A) information to fill out the answer for Part B)

a. Prepare a schedule of Excess of Cost over Book Value on the date of purchase. Determine the annual amortization expense in this schedule. Explanation: b. For 203, prepare on the books of Washington the full equity method journal entries. 1 Jefferson Account Using the information from Problem 2 and assuming the beginning of year 3 Investment in J account has a balance of $1,152,000, complete the consolidation worksheet below. To aid in this, the information for Problem 2 is repeated below. Washington Combanv purchased 100% of Jefferson Combanv on Januarv 1. 201 for $1.000.000 when the book value of Jefferson