PLEASE DO EQUITY METHOD AND look at accounts & numbers carefully! I've had to upload 3 times. THIS IS THE EQUITY METHOD!!!! WILL GIVE THUMBS UP FOR CORRECT ANSWERS.

THIS IS THE EQUITY METHOD!!

On January 1, 2013, Piper Company acquired an 80% interest in Sand Company for $2,362,300. At that time the common stock and retained earnings of Sand Company were $1,739,400 and $705,300, respectively. Differences between the fair value and the book value of the identifiable assets of Sand Company were as follows: Fair Value in Excess of Book Value Inventory $43,000 Equipment (net) 48,800 The book values of all other assets and liabilities of Sand Company were equal to their fair values on January 1, 2013. The equipment had a remaining useful life of eight years. Inventory is accounted for on a FIFO basis. Sand Company's reported net income and declared dividends for 2013 through 2015 are shown here: 2013 2014 2015 Net Income $102,100 $147,600 $83,300 Dividends 20,900 30,200 15,700 Prepare the eliminating/adjusting entries needed on the consolidated worksheet for the years ended 2013, 2014, and 2015. Assume the use of the complete equity method. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2013 Equity in Subsidiary Income Dividends Declared - Subsidiary Company Investment in Subsidiary (To eliminate intercompany dividends and income) Common Stock Retained Earnings Difference between Implied and Book Value Noncontrolling Interest Investment in Subsidiary (To eliminate the investment account) Cost of Goods Sold Equipment Depreciation Expense Goodwill Difference between Implied and Book Value (To allocate and depreciate the difference between implied and book value) 2014 Equity in Subsidiary Income Investment in Subsidiary Dividends Declared - Subsidiary Company (To eliminate intercompany dividends and income) Common Stock Retained Earnings Difference between Implied and Book Value Investment in Subsidiary Noncontrolling Interest (To eliminate investment account and create noncontrolling interest account) Investment in Subsidiary Noncontrolling Interest Depreciation Expense Equipment Goodwill Difference between Implied and Book Value (To allocate and depreciate the difference between implied and book value) 2015 Equity in Subsidiary Income Investment in Subsidiary Dividends Declared - Subsidiary Company (To eliminate intercompany dividends and income) Common Stock Retained Earnings Difference between Implied and Book Value Investment in Subsidiary Noncontrolling Interest (To eliminate investment account and create noncontrolling interest account) Investment in Subsidiary Noncontrolling Interest Depreciation Expense Equipment Goodwill Difference between Implied and Book Value (To allocate and depreciate the difference between implied and book value)