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Please format it the way it is in the question. The red X are wrong but there may be additional information missing. Please help? Pop

Please format it the way it is in the question. The red X are wrong but there may be additional information missing. Please help?

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Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20X2, for $118,300. At that date, the noncontrolling Interest had a fair value of $50,700 and Soda reported $70.000 of common stock outstanding and retained earnings of $31,000. The differential is assigned to buildings and equipment, which had a fair value $24,000 higher than book value and a remaining 10-year life, and to patents, which had a fair value $44,000 higher than book value and a remaining life of five years at the date of the business combination. Trial balances for the companies as of December 31. 20X3, are as follows: Pop Corporation Soda Company Iten Debit Credit Debit Credit Cash & Accounts Receivable $ 19:480 $ 25 , 608 Inventory 169,806 39,908 Land 44,903 Buildings & Equipment 380,306 264,908 Investment in Soda Company 119,286 Cost of Goods Sold 198,020 83, 809 Depreciation Expense 25,806 20, 609 Interest Expense 20,820 9,208 Dividends Declared 34,020 19, 090 Accumulated Depreciation 144, 090 Accounts Payable 96,409 39, 080 Bonds Payable 255, 160 99,680 Bond Premium 2,680 Common Stock 124,060 70,080 Retained Earnings 131,909 64, 080 Sales 264,060 145, 683 Other Income 13, 609 Income from Soda Company 11, 620 $1,840,680 $1, 040,680 $504,603 $584, 680 On December 31, 20X2, Soda purchased Inventory for $27,000 and sold it to Pop for $45,000. Pop resold $28,000 of the Inventory (1.e., $28,000 of the $45,000 acquired from Soda) during 20X3 and had the remaining balance In Inventory at December 31, 20X3. During 20X3, Soda sold Inventory purchased for $54,000 to Pop for $90,000, and Pop resold all but $26,000 of its purchase. On March 10. 20X3. Pop sold Inventory purchased for $14.000 to Soda for $28,000. Soda sold all but $7,000 of the Inventory prior to December 31, 20X3. Assume Pop uses the fully adjusted equity method, that both companies use straight-line depreciation, and that no property, plant, and equipment has been purchased since the acquisition. Required: a. Prepare all consolidation entries needed to prepare a full set of consolidated financial statements at December 31, 20X3, for Pop and Soda. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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