Pie Company acquired 75 percent of strawberry company's stock at underlying book value on January 1, 20x8. At that date, the fair value of noncontrolling intrest at acquistion was 112,500. During 20x8, Starwberry company reported net income of $60,000 and paid dividends of $3000. The following transactions occurred between pie company and strawberry company in 20x8:

Pie company sold land costing $90,000 to strawberry co. on june 28, 20x8 for $110,000.

Required:

1. Give all equity entries on PIE's book for 20x8.
2. Give all eliminating entries needed to prepare a consolidation worksheet for 20x8 assuming that pie co. uses the fully adjust equity method to account for its investment in strawberry company.