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Peel Corporation purchased 6 0 percent of Split Products Company's shares on December 3 1 , 2 0 X 7 , for $ 2 1

Peel Corporation purchased 60 percent of Split Products Company's shares on December 31,20X7, for $216,000. At that date, the fair
value of the noncontrolling interest was $144,000. On January 1,209, Peel purchased an additional 20 percent of Split's common
stock for $100,000. Summarized balance sheets for Split on the dates indicated are as follows:
Split paid dividends of $22,000 in each of the three years. Peel uses the equity method in accounting for its investment in Split and
amortizes all differentials over 10 years against the related investment income. All differentials are assigned to patents in the
c. Prepare the consolidation entries needed as of December 31.20X9. to complete a worksheet.
Complete this question by entering your answers in the tabs below.
Prepare the consolidation entries needed as of December 31,2069, to complete a worksheet.
Note: If no entry is required for a transaction/event, select "No journal entry requled" in the firy account
HELP WITH ALL THREE ENTRIES FOR C! THank you!!
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