please show workings

1. The Investor acquired 80% of investee on January 1, 2020 for $160,000. At acquisition the fair value of the noncontrolling interest was $40,000. Trial Balances for the two entities at December 31, 2020 are: Investor Investee Debit Credit Debit Credit Cash 68,500 32,000 Accounts Receivable 8,625 49,000 Inventory 97,000 24,000 Land 38,000 25,000 Buildings & Equipment 350,000 150,000 Investment in Subsidary 197,600 Cost of Goods Sold 145,000 94,000 Wage Expense .35,000 20,000 Depreciation Expense 25,000 10,000 Interest Expense 12,000 4,000 Other Expense 23,000 11,000 Dividends Declared 30,000 12,000 Accumulated Depreciation 172,350 50,000 Accounts Payable 51,000 15,000 Wages Payable 14,000 6,000 Notes Payable 150,000 50,000 Common Stock 200,000 Retained Earnings 50,000 126,875 60,000 Sales 290,000 200,000 Income from Subsidary 25,500 Total 1,029,725 1,029,725 431,000 431,000 The book value of the investee's assets are equal to the fair value except for patents which are worth $20,000 more. Patents have 10 years of remaining life at acquisition. At acquisition the accumulated depreciation was $40,000 Required: 1. Allocation of Acquisition Value 2. Equity entries for 2020. 3. Worksheet entries for the 2020 year end consolidation