Pool Company purchased 90% of the outstanding common stock of Spruce Company on December 31, 2014, for cash. At that time the balance sheet of Spruce Company was as follows: Current assets $ 1,083,100 Plant and equipment 986,230 Land 155,460 Total assets $ 2.224,790 Liabilities $771,770 Common stock, $20 par value 832,100 Other contributed capital 475,450 Retained earnings 241,370 Total 2,320,690 Less treasury stock at cost, 4,795 shares 95,900 Total equities $ 2,224,790 Prepare the elimination entry required for the preparation of a consolidated balance sheet workpaper on December 31, 2014, assuming the purchase price of the stock was $ 1,444,800. Assume that any difference between the book value of net assets and the value implied by the purchase price relates to subsidiary land. (Round answers to decimal places, e.g. 125. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Common Stock 832100 Other Contributed Capital 475450 Retained Earnings 241370 Land 152313 Investment in Spruce Company 1444800 Treasury Stock 95900 Noncontrolling Interest 160533 Prepare the elimination entry required for the preparation of a consolidated balance sheet workpaper on December 31, 2014, assuming the purchase price of the stock was $ 1,217,520. Assume that the subsidiary land has a fair value of $ 164,490, and the other assets and liabilities are fairly valued. (Round answers to 0 decimal places, e.g. 125. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit