plase help

8. A U.S. firm purchased 50% of a foreign firm on January 1,20X1, when the foreign firm had the following equity accounts: Common stock Paid-in excess of par value \begin{tabular}{rl} 150,000 & FC \\ 50,000 & FC \\ 500,000300,000 & FC \\ \hline & FC \end{tabular} Retained earnings The U.S. firm paid 295,000FCs for the foreign firm. The payment in excess of book value is traceable to undervalued equipment owned by the foreign firm (10 expected years for use). The foreign firm had a net income of 20,000FCs during 20X1. The vasum a dectative translation