please just show me an example of how its done with the first part and i'll do the rest. thank you

sorry i took so long, i tried to upload better images

the new images are readable, the problem is already in chegg please search for it. The last part is the one I didn't find but need help with.

please cancel request

sons Carpitalian not son tapas www Ay be www. try transities| RE NO 4- ws MARIN 4. Lagu 1. 1. that starrestrians 2 , Here we www. 1. 1. thaalueetetire riya aluttaladi har SS 100 N SH - . come. ber powes an Prasan 2000 unD CH , al R T IN hinil HHH N | xx Pro Forma C o B E F M 0 Ad Paranoidery 20XT 201 Pre For Name Conta Affum DET Conesia 2X1 TAR Control Interest Credi 9 Cu of Good Soe 11 Operating Horse 14 10 10 Suboty name Expert Norge 20 23 24 21 2 27 A DO Tel IN efni 5 T Te TE YE wy Dec Hemen Parent Inc. is contemplating a tender offer to acquire 80% of Subsidiary Corporation's is common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order to have a reasonable chance of the tender offer attracting 80% of Subsidiary's stock, Parent believes it will have to offer at least $105 per share. If the tender offer is made and is successful, the purchase will be consummated on January 1 2031 A typical part of the planning of a proposed business combination is the preparation of projected or pro forma consolidated financial statements. As a member of Parent's accounting group, you have been asked to prepare the pro forma 20x1 consolidated financial statements for Parent and Subsidiary assuming that 80% of Subsidiary's stock is acquired at a price of $105 per share. To support your computations, Martha Franklin, the chairperson of Parent's acquisitions committee, has provided you with the projected 20X1 financial statements for Subsidiary Franklin has asked you to use the assumptions below to project Parents 2007 financial statements: 1. Sales will increase by 10% in 20X1. 2. All sales will be on account Accounts receivable will be 5% lower on December 31, 20x1, thance December 31, 20x0 4. Cost of goods sold will increase by 9% in 20X1 5. All purchases of merchandise will be on account 6. Accounts payable is expected to be $50.500 on December 31, 20X1. 7. Inventory will be 3% higher on December 31, 20x1 than on December 31, 20 x Sight-line depreciation is wed for all final 9. No fixed assets will be disposed of during 20X1. The metal depreciation de sisting esseta is 540.00 per year 10. Topment will be purchmed on January 1, 20x1, for 548,000 ch. The will have an estimated life of 10 years, with no salvage value 11. Operating expenses, other than depreciation will increase by 14201 12. All operating expenses, other than depreciation will be paid in cash 13. Parent's income tax rate is 40% and taxes are paid in cash in frequal payments Payments will be made on the 15th of April, June September, and December simplicity, assume taxable income quals financial reporting income fontes 14. Parent will continue the $2.50 per share annual cash divided on its common sock 15. The tender offer is succesul. Parent will finance the acquisition by in S170.000 of 6% Hovertible bonds at puro January 1, 20X1. The bonds would find pay interest on July 1, 20X1 and would pay interest semiannually thereafter each January and July I until maturity on January 1, 20Y1Note: This is a 10 year bed 16. This business combination will be recorded using acquisition method and Parcat will account for the investment using the equity method Although mod of the legal work related to the acquisition will be handled by Parent's staff attorney, direct costs to prepare and process the tender offer will total $2.000 and will be paid in case by Parent in 20X1 As of January 1 20x1, all of Subsidiary's assets and liabilities are fairly valued except for machinery with a book value of 58000, an estimated fair value of $9,500, and a 5-year remaining useful life. Assume that straight line depreciation is used to amortize any revaluation increment No transactions between these companies occurred prior to 20X1. Regardless of whether they combine, Parent plans to buy $50,000 of merchandise from Subsidiary in 20X1 and will have $3,600 of these purchases remaining in inventory on December 31, 20X1. In addition, Subsidiary is expected to buy $2,400 of merchandise from Parent in 20X1 and to have 5495 of these purchases in inventory on December 31, 20X1. Parent and Subsidiary price the products to yield a 65% and 80% markup on cost, respectively Table 1 Parent Inc. Actual Financial Statements for 2020 and Subsidiary Corporation Projected Financial Statements for 2021 Parent 20X0 Actual Subsidiary 20XI Projected Sales SHO,000 $100 Cost of goods sold (485.000 S. Kerating expenses (219,000 (10.000 Parent Inc. Actual Financial Statements for 2020 and Subsidiary Corporation Projected Financial Statements for 2021 Parent 20X0 Actual Subsidiary 20X1 Projected Sales $800,000 $100,000 Cost of goods sold (485,000) (55.000) Operating expenses (219,000) (10,000) Income before taxes 96,000 35,000 income tax expense (38,400) (14,000) Net income 57,600 21.000 Retained earnings, January 1 Add: net income Less: dividends Retained earings, December 31 23,000 57,600 (38,000) 42,600 14,500 21.000 (7.000) 28,500 Cash 36,200 19,500 Accounts receivable 39,000 13,000 Inventory 26,000 12.000 Property, plant, and equipment 673,000 213,000 Accumulated depreciation (490,000) (28,000) Total assets 284,200 229,500 Parent 20X0 Actual Subsidiary 20X1 Projected Accounts payable 44,600 21.000 Common stock 190,000 150.000 Paid-in capital in excess of par 7,000 30.000 Retained carnings 42,600 28,500 Total liabilities and stockholders' equity 284,200 229,500 * Parent: $12.50 par: Subsidiary: $75 par I've prepared the information. Just need help creating the journal entries please!!! Ad. Parent Subsidiary 20X1 20x1 Pro Forma Pro Forma $ Consolation Aumenta Deb Sales Non- Controlling Interest Crede Consolidated 20X1 Pro Forma Com of Goods Sold Operating Expenses Interest Expense Income Tax Expert Eguty in Substancom Income Beton Te Income Tax Exe No controlle Waste pense Net Incom Retained. Esmings Add icon Rose Dividends Retained Earninge, December 31 Cash Accounts Recent Love Property Plant Equipment Lo Accurad Depreciation nement in Subdir Total Assa Accounts Payable Payable Bonda Payable Nontoning in Sub Nonong Sub 17131 Common Papain of per Patained aming Sentry A entry lenty Edy Project Description Peguament sons Carpitalian not son tapas www Ay be www. try transities| RE NO 4- ws MARIN 4. Lagu 1. 1. that starrestrians 2 , Here we www. 1. 1. thaalueetetire riya aluttaladi har SS 100 N SH - . come. ber powes an Prasan 2000 unD CH , al R T IN hinil HHH N | xx Pro Forma C o B E F M 0 Ad Paranoidery 20XT 201 Pre For Name Conta Affum DET Conesia 2X1 TAR Control Interest Credi 9 Cu of Good Soe 11 Operating Horse 14 10 10 Suboty name Expert Norge 20 23 24 21 2 27 A DO Tel IN efni 5 T Te TE YE wy Dec Hemen Parent Inc. is contemplating a tender offer to acquire 80% of Subsidiary Corporation's is common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order to have a reasonable chance of the tender offer attracting 80% of Subsidiary's stock, Parent believes it will have to offer at least $105 per share. If the tender offer is made and is successful, the purchase will be consummated on January 1 2031 A typical part of the planning of a proposed business combination is the preparation of projected or pro forma consolidated financial statements. As a member of Parent's accounting group, you have been asked to prepare the pro forma 20x1 consolidated financial statements for Parent and Subsidiary assuming that 80% of Subsidiary's stock is acquired at a price of $105 per share. To support your computations, Martha Franklin, the chairperson of Parent's acquisitions committee, has provided you with the projected 20X1 financial statements for Subsidiary Franklin has asked you to use the assumptions below to project Parents 2007 financial statements: 1. Sales will increase by 10% in 20X1. 2. All sales will be on account Accounts receivable will be 5% lower on December 31, 20x1, thance December 31, 20x0 4. Cost of goods sold will increase by 9% in 20X1 5. All purchases of merchandise will be on account 6. Accounts payable is expected to be $50.500 on December 31, 20X1. 7. Inventory will be 3% higher on December 31, 20x1 than on December 31, 20 x Sight-line depreciation is wed for all final 9. No fixed assets will be disposed of during 20X1. The metal depreciation de sisting esseta is 540.00 per year 10. Topment will be purchmed on January 1, 20x1, for 548,000 ch. The will have an estimated life of 10 years, with no salvage value 11. Operating expenses, other than depreciation will increase by 14201 12. All operating expenses, other than depreciation will be paid in cash 13. Parent's income tax rate is 40% and taxes are paid in cash in frequal payments Payments will be made on the 15th of April, June September, and December simplicity, assume taxable income quals financial reporting income fontes 14. Parent will continue the $2.50 per share annual cash divided on its common sock 15. The tender offer is succesul. Parent will finance the acquisition by in S170.000 of 6% Hovertible bonds at puro January 1, 20X1. The bonds would find pay interest on July 1, 20X1 and would pay interest semiannually thereafter each January and July I until maturity on January 1, 20Y1Note: This is a 10 year bed 16. This business combination will be recorded using acquisition method and Parcat will account for the investment using the equity method Although mod of the legal work related to the acquisition will be handled by Parent's staff attorney, direct costs to prepare and process the tender offer will total $2.000 and will be paid in case by Parent in 20X1 As of January 1 20x1, all of Subsidiary's assets and liabilities are fairly valued except for machinery with a book value of 58000, an estimated fair value of $9,500, and a 5-year remaining useful life. Assume that straight line depreciation is used to amortize any revaluation increment No transactions between these companies occurred prior to 20X1. Regardless of whether they combine, Parent plans to buy $50,000 of merchandise from Subsidiary in 20X1 and will have $3,600 of these purchases remaining in inventory on December 31, 20X1. In addition, Subsidiary is expected to buy $2,400 of merchandise from Parent in 20X1 and to have 5495 of these purchases in inventory on December 31, 20X1. Parent and Subsidiary price the products to yield a 65% and 80% markup on cost, respectively Table 1 Parent Inc. Actual Financial Statements for 2020 and Subsidiary Corporation Projected Financial Statements for 2021 Parent 20X0 Actual Subsidiary 20XI Projected Sales SHO,000 $100 Cost of goods sold (485.000 S. Kerating expenses (219,000 (10.000 Parent Inc. Actual Financial Statements for 2020 and Subsidiary Corporation Projected Financial Statements for 2021 Parent 20X0 Actual Subsidiary 20X1 Projected Sales $800,000 $100,000 Cost of goods sold (485,000) (55.000) Operating expenses (219,000) (10,000) Income before taxes 96,000 35,000 income tax expense (38,400) (14,000) Net income 57,600 21.000 Retained earnings, January 1 Add: net income Less: dividends Retained earings, December 31 23,000 57,600 (38,000) 42,600 14,500 21.000 (7.000) 28,500 Cash 36,200 19,500 Accounts receivable 39,000 13,000 Inventory 26,000 12.000 Property, plant, and equipment 673,000 213,000 Accumulated depreciation (490,000) (28,000) Total assets 284,200 229,500 Parent 20X0 Actual Subsidiary 20X1 Projected Accounts payable 44,600 21.000 Common stock 190,000 150.000 Paid-in capital in excess of par 7,000 30.000 Retained carnings 42,600 28,500 Total liabilities and stockholders' equity 284,200 229,500 * Parent: $12.50 par: Subsidiary: $75 par I've prepared the information. Just need help creating the journal entries please!!! Ad. Parent Subsidiary 20X1 20x1 Pro Forma Pro Forma $ Consolation Aumenta Deb Sales Non- Controlling Interest Crede Consolidated 20X1 Pro Forma Com of Goods Sold Operating Expenses Interest Expense Income Tax Expert Eguty in Substancom Income Beton Te Income Tax Exe No controlle Waste pense Net Incom Retained. Esmings Add icon Rose Dividends Retained Earninge, December 31 Cash Accounts Recent Love Property Plant Equipment Lo Accurad Depreciation nement in Subdir Total Assa Accounts Payable Payable Bonda Payable Nontoning in Sub Nonong Sub 17131 Common Papain of per Patained aming Sentry A entry lenty Edy Project Description Peguament