Prepare in general journal form the workpaper entries to eliminate Prancer Company's investment in Saltez Company in the preparation of a consolidated balance sheet at the date of acquisition for each of the following independent cases:

Exercise 3-1 Prepare in general journal form the workpaper entries to eliminate Prancer Company's investment in Saltez Company in the preparation of a consolidated balance sheet at the date of acquisition for each of the following independent cases: Saltez Company Equity Balances Percent of Investment Common Other Contributed Retained Cash Stock Owned Cost Stock Capital Earnings a. 100 % $350,700 $146,600 $94,700 $41,000 b. 90 248,600 180,000 71,800 (28,200 ) C. 80 155,800 163,200 38,400 (3,600 ) Any difference between book value of net assets and the value implied by the purchase price relates to subsidiary property plant and equipment except for case (c). In case (c) assume that all book values and fair values are the same. (Round answers to 0 decimal places, e.g. 125. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)