Please can you answer this question

Smith company acquires an 80% interest in Jack Company on January 1, 2012 by paying $400,000. The acquisition fair value of the non-controlling interest is $100,000. The excess fair value paid is $50,000 and is allocated to a patent with a remaining life of 20 years. In addition, you have the following information: The following inventory sales occurred: Prepare inventory transfer consolidation entries for 2012 and 2013 under the following cases: a. The parent uses the equity method and it is a downstream sale b. The parent uses the equity method and it is an upstream sale Prepare inventory transfer consolidation entries for 2012 and 2013 under the following cases: a. The parent uses the initial value method and it is a downstream sale b. The parent uses the initial value method and it is an upstream sale