Please explain how to find these numbers.

Use the following information to answer questions 1-4 below: On January 12017. Portland Company acquired all of Salem Company's voting stock for in cash. Some of Salem's assets and liabilities at the date of purchase had fair values that reported values, as follows: $16,000,000 differed from Book value Fair value Buildings and equipment, net (20 years, straight-ine). Identifiable intangibles (5 years, straight-line) $11,000,000 $3,000,000 0 10,000,000 Salem's total shareholders'equity at January 1,2017, was S4,000,000. It is now December 31,2020 (four years later). Salem's retained earnings reflect the accumulation of net income less dividends; there have been no other changes in its retained earnings. Salem does not report any other comprehensive income. Cumulative goodwill impairment to the beginning of 2020 is $2,000,000. Goodwill impairment for 2020 is $500,000. Portland uses the complete equity method to account for its investment. The December 31, 2020, trial balance for Salem appears below Salem Dr (Cr) Current assets . .. .. 2,500,000 28,000,000 Plant assets, net Liabilities. .. (10,000,000) 2,000,000 (16,000,000) (14,000,000) 8,000,000 Capital stock 3,500,000 Operating expenses. 1. On the 2020 consolidation working paper, eliminating entry (R) reduces Investment in Salem by a. $3,100,000 b. $5,200,000 c. $6,400,000 d. $8,000,000 2. On the 2020 consolidation working paper, eliminating entry (O) increases consolidated operating expenses by a. $1,600,000 b. $2,100,000 c. $2,900,000 d. $3,200,000 3. What is 2020 equity in net income of Salem, reported on Portland's books using the complete equity method? a. S 400,000 b. $ 900,000 c. $1,.200,000 d. $2,500,000 4. On Portland's December 31,2020, trial balance, what is the balance in its Investment in Salem account, us- ing the complete equity method? a. $22,800,000 b. $23,200,000 c. $23,600,000 d. $27,600,000 Use the following information to answer questions 1-4 below: On January 12017. Portland Company acquired all of Salem Company's voting stock for in cash. Some of Salem's assets and liabilities at the date of purchase had fair values that reported values, as follows: $16,000,000 differed from Book value Fair value Buildings and equipment, net (20 years, straight-ine). Identifiable intangibles (5 years, straight-line) $11,000,000 $3,000,000 0 10,000,000 Salem's total shareholders'equity at January 1,2017, was S4,000,000. It is now December 31,2020 (four years later). Salem's retained earnings reflect the accumulation of net income less dividends; there have been no other changes in its retained earnings. Salem does not report any other comprehensive income. Cumulative goodwill impairment to the beginning of 2020 is $2,000,000. Goodwill impairment for 2020 is $500,000. Portland uses the complete equity method to account for its investment. The December 31, 2020, trial balance for Salem appears below Salem Dr (Cr) Current assets . .. .. 2,500,000 28,000,000 Plant assets, net Liabilities. .. (10,000,000) 2,000,000 (16,000,000) (14,000,000) 8,000,000 Capital stock 3,500,000 Operating expenses. 1. On the 2020 consolidation working paper, eliminating entry (R) reduces Investment in Salem by a. $3,100,000 b. $5,200,000 c. $6,400,000 d. $8,000,000 2. On the 2020 consolidation working paper, eliminating entry (O) increases consolidated operating expenses by a. $1,600,000 b. $2,100,000 c. $2,900,000 d. $3,200,000 3. What is 2020 equity in net income of Salem, reported on Portland's books using the complete equity method? a. S 400,000 b. $ 900,000 c. $1,.200,000 d. $2,500,000 4. On Portland's December 31,2020, trial balance, what is the balance in its Investment in Salem account, us- ing the complete equity method? a. $22,800,000 b. $23,200,000 c. $23,600,000 d. $27,600,000