Please help with the problem that is wrong

Smith, Inc., has the following stockholders' equity accounts as of January 1, 2018: $ Preferred stock-$100 par, nonvoting and nonparticipating, 5% cumulative dividend Common stock-$10 par value Retained earnings 2,140,000 4,140,000 10, 140,000 Haried Company purchases all of Smith's common stock on January 1, 2018, for $14,330,000. The preferred stock remains in the hands of outside parties. Any excess acquisition-date fair value will be assigned to franchise contracts with a 40-year remaining life. During 2018, Smith reports earning $590,000 in net income and declares $500,000 in cash dividends. Haried applies the equity method to this investment. a. What is the noncontrolling interest's share of consolidated net income for this period? b. What is the balance in the Investment in Smith account as of December 31, 2018? c. What consolidation entries are needed for 2018? Reg A and B ReqC Reqc What consolidation entries are needed for 2018? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction Credit Accounts Preferred stock (Smith) Common stock (Smith) Retained earnings (Smith) Franchises Investment in Smith Noncontrolling interest in Smith Debit 2,140,000 4,140,000 10,140,000 50,000 14.330.000 2,140,000 107,000 X Equity income of subsidiary Investment in Smith 107,000 X 3 393,000 Investment in Smith Dividends declared 00 00 00 393,000 1,250 Amortization expense Franchises 1,250