Pop Company acquires 65% of Sonny Company for $461,500 on January 1, 2014. Sonny reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Pop accounts for its investment in Sonny using the equity method. Based on an annual review, goodwill has not been impaired. Sonny earns income and pays dividends as follows: Required: What consolidation (elimination) entries are needed as of December 31,2015