Pop paid $516,000 for 80% of the stock of Son on 1/1/X1 when Son's Stockholders equity consisted of $500,000 and 100,000 of Retained Earnings. The following assists and liabilities of Son had book values different from their face value:

Inventory BV 60,000 FV 70,000 sold in X1

Equipment BV 50,000 FV 90,000 life of 8 years on X1

Building BV 70,000 FV 40,000 life of 12 years

Notes Payable BV 50,000 FV 40,000 life of 4 years

In Yr3 Pop SON

Sales 800 500

Cost of sales { } (250)

Depreciation Expense (500) (50)

Other Expense (100) (100)

Controlling share (50) 100

Retained earnings 1/1 400 250

Net Income { } 100

Dividends (100) (50)

Cash 25 115

A/R 54 125

Dividend Receivable 20 0

Inventory 80 105

Land 100 150

Building 350 200

Equipment 140 190

A/P 49 10

Dividend Payable 50 25

Note Payable 100 50

Capital Stock 700 500

Retained Earnings { } 300

1/1 NCI

12/31 NCI

Show the eliminating entries for YR 3