Please help me this homework is due today . you only ask fir a . ?

Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20X2, for $108,500. At that date, the noncontrolling Interest had a fair value of $46,500 and Soda reported $70,000 of common stock outstanding and retained earnings of buildings and equipment, which had a fair value $20,000 higher than book value and a remaining 10-year life, and to patents, which had a fair value $35,000 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: Soda Company Debit Credit $ 21,600 35,000 40,000 260, eee Pop Corporation Debit Credit $ 15,400 165,000 80,000 340, eee 199,600 186, eee 20,000 16, eee 3eeee $140,000 92,400 200, eee Item Cash & Accounts Receivable Inventory Land Buildings & Equipment Investment in Soda Company Cost of Goods Sold Depreciation Expense Interest Expense Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Bond Premium Common Stock Retained Earnings Sales Other Income Income from Soda Company 79,800 15, eee 5,200 15, eee $ 80,000 35,000 180, eee 1,600 70,000 60,00 125,000 120,000 127,900 260, eee 13,600 8, 189 $962,eee $962,000 $471,600 $ 471,600 On December 31, 20X2, Soda purchased Inventory for $32,000 and sold it to Pop for $48,000. Pop resold $27,000 of the Inventory (1.e., $27,000 of the $48,000 acquired from Soda) during 20x3 and had the remaining balance in Inventory at December 31, 20X3. During 20X3, Soda sold Inventory purchased for $60,000 to Pop for $90,000, and Pop resold all but $24,000 of its purchase. On March 10, 20X3, Pop sold Inventory purchased for $15,000 to Soda for $30,000. Soda sold all but $7,600 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.) No Entry Credit Debit. _70,000/ 60 , 000 Accounts Common stock Retained earnings Income from Soda Company NCI in Nl of Soda Company Dividends declared Investment in Soda Company NCI in NA of Soda Company gints 15 , 00 Amortization expense Depreciation expense Income from Soda Company NCI in Nl of Soda Company 20000 Buildings and equipment Patents Accumulated depreciation Investment in Soda Company NCI in NA of Soda Company 4000 Accumulated depreciation Buildings and equipment Investment in Soda Company NCI in NA of Soda Company Cost of goods sold Investment in Soda Company NCI in NA of Soda Company Inventory Sales Cost of goods sold Inventory Answers or comprere.****** POP CORPORATION & SUBSIDIARY Consolidated Financial Statement Worksheet For 20X3 Consolidation Entries Pop Corp. Soda Co. DR CR Ints Consolidated $ $ 125,000 $ 260,000 13,800 (186,000) (20,000) (16,000) (79,800) (15,000) (5,200) 385,000 13,600 (265,800) (35,000) (21,200) 8,100 59,700 25,000 0 0 8.100 34,700 $ 59,700 25,000 $ 0 $ 0 s 84.700 $ $ 127,900 59,700 (30.000) 157,800 60,000 25,000 (15,000) 70,000 187,900 84,700 (45,000) 227,600 $ $ $ 0 $ 0 $ Income Statement Sales Other Income Less: COGS Less: Depreciation Expense Less: Interest Expense Less: Amortization Expense Income from Soda Company Consolidated Net Income NCI in Net Income Controlling Interest in Net Income Statement of Retained Earnings Beginning balance Net income Less: Dividends declared Ending Balance Balance Sheet Cash and Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Investment in Soda Company Patents Total Assets Accounts Payable Bonds Payable Bonds Premium Common Stock Retained Earnings NCI in NA of Soda Company Total Liabilities & Equity $ $ $ 15,400 165,000 80,000 340,000 (140,000) 109,800 21,800 35,000 40,000 260,000 (80,000) 37,000 200,000 120,000 600,000 (220,000) 109,800 $ 0 5 0 $ $ 570,000 92,400 200,000 $ $ $ 276,600 35,000 100,000 1,800 70.000 70.000 348.800 127,400 300,000 1,600 190,000 227,600 120,000 157,600 $ 570,000 $ 276,800 $ 0 $ 0 $ 346,600 Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20X2, for $108,500. At that date, the noncontrolling Interest had a fair value of $46,500 and Soda reported $70,000 of common stock outstanding and retained earnings of buildings and equipment, which had a fair value $20,000 higher than book value and a remaining 10-year life, and to patents, which had a fair value $35,000 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: Soda Company Debit Credit $ 21,600 35,000 40,000 260, eee Pop Corporation Debit Credit $ 15,400 165,000 80,000 340, eee 199,600 186, eee 20,000 16, eee 3eeee $140,000 92,400 200, eee Item Cash & Accounts Receivable Inventory Land Buildings & Equipment Investment in Soda Company Cost of Goods Sold Depreciation Expense Interest Expense Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Bond Premium Common Stock Retained Earnings Sales Other Income Income from Soda Company 79,800 15, eee 5,200 15, eee $ 80,000 35,000 180, eee 1,600 70,000 60,00 125,000 120,000 127,900 260, eee 13,600 8, 189 $962,eee $962,000 $471,600 $ 471,600 On December 31, 20X2, Soda purchased Inventory for $32,000 and sold it to Pop for $48,000. Pop resold $27,000 of the Inventory (1.e., $27,000 of the $48,000 acquired from Soda) during 20x3 and had the remaining balance in Inventory at December 31, 20X3. During 20X3, Soda sold Inventory purchased for $60,000 to Pop for $90,000, and Pop resold all but $24,000 of its purchase. On March 10, 20X3, Pop sold Inventory purchased for $15,000 to Soda for $30,000. Soda sold all but $7,600 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.) No Entry Credit Debit. _70,000/ 60 , 000 Accounts Common stock Retained earnings Income from Soda Company NCI in Nl of Soda Company Dividends declared Investment in Soda Company NCI in NA of Soda Company gints 15 , 00 Amortization expense Depreciation expense Income from Soda Company NCI in Nl of Soda Company 20000 Buildings and equipment Patents Accumulated depreciation Investment in Soda Company NCI in NA of Soda Company 4000 Accumulated depreciation Buildings and equipment Investment in Soda Company NCI in NA of Soda Company Cost of goods sold Investment in Soda Company NCI in NA of Soda Company Inventory Sales Cost of goods sold Inventory Answers or comprere.****** POP CORPORATION & SUBSIDIARY Consolidated Financial Statement Worksheet For 20X3 Consolidation Entries Pop Corp. Soda Co. DR CR Ints Consolidated $ $ 125,000 $ 260,000 13,800 (186,000) (20,000) (16,000) (79,800) (15,000) (5,200) 385,000 13,600 (265,800) (35,000) (21,200) 8,100 59,700 25,000 0 0 8.100 34,700 $ 59,700 25,000 $ 0 $ 0 s 84.700 $ $ 127,900 59,700 (30.000) 157,800 60,000 25,000 (15,000) 70,000 187,900 84,700 (45,000) 227,600 $ $ $ 0 $ 0 $ Income Statement Sales Other Income Less: COGS Less: Depreciation Expense Less: Interest Expense Less: Amortization Expense Income from Soda Company Consolidated Net Income NCI in Net Income Controlling Interest in Net Income Statement of Retained Earnings Beginning balance Net income Less: Dividends declared Ending Balance Balance Sheet Cash and Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Investment in Soda Company Patents Total Assets Accounts Payable Bonds Payable Bonds Premium Common Stock Retained Earnings NCI in NA of Soda Company Total Liabilities & Equity $ $ $ 15,400 165,000 80,000 340,000 (140,000) 109,800 21,800 35,000 40,000 260,000 (80,000) 37,000 200,000 120,000 600,000 (220,000) 109,800 $ 0 5 0 $ $ 570,000 92,400 200,000 $ $ $ 276,600 35,000 100,000 1,800 70.000 70.000 348.800 127,400 300,000 1,600 190,000 227,600 120,000 157,600 $ 570,000 $ 276,800 $ 0 $ 0 $ 346,600