please solve this problem! thank you!!

On January 1, 2020. Mcllroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $352,800. Stinson's book value on that date consisted of common stock of $100,000 and retained earnings of $208,500. Also, the acquisition date fair value of the 40 percent noncontrolling interest was $235,200. The subsidiary held patents (with a 10-year remaining life) that were undervalued within the company's accounting records by $84,400 and an unrecorded customer list (15-year remaining life) assessed at a $60,300 fair value. Any remaining excess acquisition-date fair value was assigned to goodwill. Since acquisition, Mcllroy has applied the equity method to its Investment in Stinson account and no goodwill impairment has occurred. At year-end, there are no intra-entity payables or receivables Intra-entity inventory sales between the two companies have been made as follows: Transfer Price Ending Balance Year Cost to McIlroy to Stinson (at transfer price) 2020 $134,700 $168,375 $56,125 2021 112,500 150, eee 37,500 The individual financial statements for these two companies as of December 31, 2021, and the year then ended follow: Sales Cost of goods sold Operating expenses Equity in earnings in Stinson McIlroy, Inc. $ (750,600) 492,900 2ee, 810 (36,734) Stinson, Inc. $ (388,000) 236,800 80,60e Stinson, Inc. $ (388,000) 236,800 80,600 Sales Cost of goods sold Operating expenses Equity in earnings in Stinson Net income Retained earnings, 1/1/21 Net income Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment in Stinson Buildings (net) Equipment (net) Patents (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and equities McIlroy, Inc. $ (750,000) 492,900 200,810 (36,734) $ (93, 024) $ (818,600) (93,024) 50,200 $ (861,424) $ 293,300 275,500 404,613 358, eee 255,400 $ (70,600) $ (285,000) (70,600) 20,200 (335,400) $ 152,700 133,000 $ 1,586,813 $ (425,389) (300,000) (861,424) $(1,586,813) 207,600 91,000 25,800 $ 610, 100 $ (174,700) (100,000) (335,400) $ (610, 100) (Note: Parentheses indicate a credit balance.) Complete this question by entering your answers in the tabs below. Required A Required B Show how McIlroy determined the $404,613 Investment in Stinson account balance. Assume that McIlroy defers 100 percent of downstream intra-entity profits against its share of Stinson's income. (Amounts to be deducted should be indicated with a minus sign.) 0 $ 0 Required A Required B > Drau BE For Year Ending December 31, 2021 Consolidation Entries Accounts Stinson Debit Credit NCI Consolidated Totals $ Mcllroy (750,000) $ 492,900 200,810 (36,734) (93,024) (388,000) 236,800 +30,600 0 (70,600) Sales Cost of goods sold Operating expenses Equity in earnings of Stinson Separate company net income Consolidated net income To noncontrolling interest To Mcllroy, Inc. Retained earnings 1/1/21 Net income Dividends declared Retained earnings 12/31/21 Cash and receivables (818,600) (93,024) 50,200 (861,424) $ 293,300 $ 275.500 (285,000) (70,600) 20,200 (335,400) 152,700 133.000! $ $ Inventory BB $ (335,400) 152,700 $ 133,000 (861,424) $ 293,300 $ 275,500 404,613 358,000 255,400 0 0 207,600 +91,000 25,800 Retained earnings 12/31/21 Cash and receivables Inventory Investment in Stinson Buildings (net) Equipment (net) Patents (net) Customer list Goodwill Total assets Liabilities Common stock Noncontrolling interest 1/1/21 Noncontrolling interest 12/31/21 Retained earnings 12/31/21 Total liabilities and equities $ 1,586,813 $ (425,389) (300,000) 610,100 (174,700) (100,000) (861,424) (1,586,813) $ (335,400) (610,100) $ $ 0 $ 0