Please help me with any of these

Please help with any of these

On January 1, 20X1, Par Company purchased all the outstanding stock of South Bay Company, located in Canada, for $129,600. On January 1, 20X1, the direct exchange rate for the Canadian dollar (C\$) was C$1=$0.81, South Bay's book value on January 1, 20X1, was C$94,000. The fair value of South Bay's plant and equipment was C$9,800 more than book value, and the plant and equipment are being depreciated over 10 years with no salvage value. The remainder of the differential is attributable to a trademark, which will be amortized over 10 years. During 20X1, South Bay earned C\$22,000 in income and declared and paid 0$7,700 in dividends. The dividends were declared and paid in Canadian dollars when the exchange rste was C$1=$0.75. On December 31,201, Par continues to hold the Canadian currency recelved from the dividend. On December 31,20X1, the direct exchange rate is C $1=$0.64. The average exchange rate during 201 was C$1 = $076. Management has determined that the Canadian dollar is South Bay's appropriate functional currency. Required: a. Prepare a schedule showing the differential allocation and amortization for 201. The schedule should present both Canadian dollars and U.S, dollars. b. Par uses the fully adjusted equity method to account for its investment. Provide the entries that it would record in 20 I for its Investment in South Bay for the following items: c. Prepare a schedule showing the proof of the translation adjustment for South Bay as a result of the transiation of the subsidiary's occounts from Canadian dollars to U.S. dollors. Then provide the entiy that Por would record for its share of the translation adjustment resulting from the translation of the subsidiary's accounts d. Provide the entry required by Pat to restate the C$7700 in the Forelgn Currency Units account into its year-end US, doliarequivalent value. Prepare a schedule showing the differential allocation and amortization for 201. The schedule should present both Canadlan dollars and U.S. dollars. Note: Amounts to be deducted should be entered with a minus sign. Round "Exchange Rate" answers to 2 decimal places and rest of answers to nearest whole dollar. Prepare a schedule showing the differential allocation and amortization for 201. The schndule should present both Canadian dollars and U.S. d. Note: Amounts to be deducted should be entered with a minus sign, Round "Exchange Rate" ancwers to 2 decimal places and rest of answers to A Record the acquisition of South Bay Company. B Record the equity in income of the subsidiary. C Record the dividend from the foreign subsidiary. D Record the amortization of the differential. E Record the entry to recognize the translation adjustment on the differential. Prepare a schedule showing the proof of the translation adjustment for South Bay as a result of the translation of the subsidlary's accounts from Canadian dollars to U.S. dollars. Then provide the entry that Par would record for its share of the translation adjustment resulting from the translation of the subsidiary's accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Amounts to be deducted should be entered with a minus sign. Round "Exchange Rate" answers to 2 decimal places and rest of answers to nearest whole dollar. Journal entry worksheet Record the parent's share (100%) of the translation adjustment from the translation of the subsidiary's accounts on December 31,201. Notei Enter debits before credits. Journal entry worksheet Record the exchange loss on the foreign currency units held on December 31 , 201. Note: Enter debits before credits