Please help me

Paper Corp. purchased 70% of the outstanding shares of Sand Ltd. on January 1, Year 2 at a cost of $102,270. Paper has always used the equity method to account for its Investments. On January 1, Year 2 , Sand had common shares of $50,000 and retalned earnings of $34,700, and falr values were equal to carrying amounts for all Its net assets, except Inventory (falr value was $6,400 less than carrylng amount) and equipment (falr value was $19,200 greater than carryling amount). The equipment, which is used for research, had a The followng are the financlal statements of Paper Corp. and its subsidlary Sand Ltd. as at December 31, Year 5: I Additional Information During Year 5, Sand made a cash payment of $2,700 per month to Paper for management fees, which is Included in Sand's Miscellaneous expenses. purchased from Paper amounting to $42,000. These sales had a gross profit of 35% On Aprll 1, Year 5, Paper acqulred land from Sand for $35,100. This land had been recorded on Sand's books at a carrying amount of $27,000 Paper pald for the $27,000. Paper pald for the land by signing a $35,100 note payable to Sand, bearling yearly Interest at 10%. Inte pald by Paper in cash on December 31 , Year 5 . This land was still beling held by Paper on December 31 , Year 5 . pald by Paper In cash on December 31, Year 5. This land was still beling held by Paper on December 31, Year 5. The value of consolldated goodwill remained unchanged from January 1, Year 2 to July Year 5 . On July 1, Year 5, a valuation was performed, Indicating that the recoverable amount of consolidated goodwill was $5,300. During the year ended December 3 , Year 5 , Paper pald dividends of $80,000 and Sand pald dividends of $20,000. During the year ended December 31 , Year 5, Paper pald dlvidends of $80,000 and Sand pald dividends of $20,00 Sand and Paper pay taxes at a 40% rate. Assume that none of the galns or losses were capltal galns or losses. Required: (a) Prepare (a) Prepare, in good form, a calculation of goodwill and any undepleted acquisition differential as of December 31, Year 5. (Negatlve response.) (b) Prepare Paper's consolidated Income statement for the year ended December 31, Year 5, with expenses classified by function. (Round your answer to nearest whole dollar.) (c) Calculate the following balances that would appear on Paper's consolidated balance sheet as at December 31, Year 5: (Leave no (d) Assume that an Independent business valuator valued the non-controlling interest at $41,900 at the date of acquisition. Calculate poodwill Impalm