Plum Corporation acquired all the stock of Sudbury Company, at an acquisition cost of $600 million. Sudburys book value at the date of acquisition was $100 million. Sudbury's assets and liabilities are carried at amounts approximating fair value, except its equipment is overvalued by $225 million, its long-term debt is overvalued by $30 million, and its trademarks are undervalued by $80 million. Sudbury has no previously unreported identifiable intangible assets.

Required:

Prepare consolidation eliminating entries (E) and (R) at the date of acquisition.