please help

ontrolling interest. Truck . . . one Exercrse 2 (L0 2) Subsndlary sale of shares to 11 January 1' 2015' when Company owns a 90% interest in Trailer Company on Trailer has the following stockholders' equity: Common stock ($1 par) ..................... $100,000 Paid-in capital in excess of par ......... 400,000 Retained earnings ............................. 400,000 Total stockholders' equity ................ $900,000 The investment is purchased for book value, $810,000. On July 1, 2015, Trail sells 50,000 additional shares to noncontrolling shareholders in a private offering for $10 per share. Trailer's net income for 2015 is $100,000, and the income is earned evenly during the year. Truck uses the sophisticated equity method to record its investment in Trailer. Summary entries are made each December 31 to record the year's activity. REQUIREMENTS On December 31, 2015, in the accounting books and records of Truck Company: 1. Prepare the general journal entries to record the 2015 adjustments to the \"Investment in Trailer Company\" account. Assume Truck has $500,000 of paid-in capital in excess of par. 2. What is the ending balance in the \"Investment in Trailer Company\" account