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Pasta Corporation acquired 75% of Sauce Company on January 1, 2020 for $810,000 cash. The fair value of the other 25% ownership interest is estimated

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Pasta Corporation acquired 75% of Sauce Company on January 1, 2020 for $810,000 cash. The fair value of the other 25% ownership interest is estimated to be $270,000. ADDITIONAL INFORMATION: On the date of acquisition: * The Book Value of Sauce Company's net identifiable assets was $750,000. Sauce's Company's Plant Assets were overvalued by 544,000 (remaining life was estimated to be 4 years). * Sauce's Company's Inventories were undervalued by 598,000 (all sold by year end). * New Goodwill was determined to be $276,000. At year-end, it was determined that the New Goodwill was impaired by 511,500. * For 2020, Sauce reported net income of $182,500 and paid dividends of $40,000. Assume that Pasta Company uses the fully adjusted equity method to account for its Investment in Sauce. REQUIRED: ANSWER THE FOLLOWING FOUR QUESTIONS RELATED TO THE 4 SEPARATE JOURNAL ENTRIES THAT PASTA WOULD RECORD AT THE ACQUISITION DATE AND DURING 2020. NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. DATE OF ACQUISITION: THE JOURNAL ENTRY INCLUDES A DEBIT TO 'INVESTMENT IN SAUCE' IN THE AMOUNT OF: A/ DURING 2020: ACCRUAL OF SAUCE'S NET INCOME: INCLUDES A CREDIT TO INCOME FROM SAUCE IN THE AMOUNT OF: A RECEIPT OF DIVIDENDS: INCLUDES A CREDIT TO INVESTMENT IN SAUCE IN THE AMOUNT OF: A/ AMORTIZATION OF DIFFERENTIAL INCLUDES A DEBIT TO INCOME FROM SAUCE IN THE AMOUNT OF

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