Please Prepare all 6 consolidation worksheet entries as of December 31, 2021, assuming that Branson has applied the initial value method. Thank you!

Branson paid \$537,100 cash for all of the outstanding common stock of Wolfpack, Inc., on January 1, 2020. On that date, the subsidiary had a book value of $353,000 (common stock of $200,000 and retained earnings of $153,000 ), although various unrecorded royalty agreements (10-year remaining life) were assessed at a $153,000 fair value. Any remaining excess fair value was considered goodwill. In negotiating the acquisition price, Branson also promised to pay Wolfpack's former owners an additional $57.000 if Wolfpack's income exceeded $120,000 total over the first two years after the acquisition. At the acquisition date, Branson estimated the probability-adjusted present value of this contingent consideration at $39,900. On December 31, 2020, based on Wolfpack's earnings to date, Branson increased the value of the contingency to $45,600. During the subsequent two years, Wolfpack reported the following amounts for income and dividends: In keeping with the original acquisition agreement, on December 31, 2021, Brarison paid the additional $57,000 performance fee to Wolfpack's previous owners. 1 Prepare entry C to convert parent's beginning retained earnings to full accrual basis. 2 Prepare entry S to record the elimination of common stock and retained earnings. 3 Prepare entry A to record the acquisition-date excess fair values over book values, unamortized balances as of beginning of year. 4 Prepare entry I to record the accrual of equity earnings. 5 Prepare entry D to record the dividends declared. 6 Prepare entry E to record excess fair-value amortization expenses. Note : = journal entry has been entered