Peel Corporation purchased $60$ percent of Split Products Company's shares on December $31,20$X$7,$ for $$216,000.$ At that date, the fair

value of the noncontrolling interest was $$144,000.$ On January $1,20$X$9,$ Peel purchased an additional $20$ percent of Split's common

stock for $$99,000.$ Summarlzed balance sheets for Split on the dates indicated are as follows:

Split pald dividends of $$21,000$ 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

consolidated financlal statements.

Required:

a$.$ Compute the balance in Peel's Investment in Split Products Company Stock account on December $31,20$X$8.$

b$.$ Compute the balance in Peel's Investment in Split Products Company Stock account on December $31,20$X$9.$

c$.$ Prepare the consolidation entries needed as of December $31,209,$ to complete a worksheet.

Please answer PART B and C$.$ Journal entries for Part C is correct but not the amounts. Urgently needed..thank you!!!