Problem 6-43 (Algo) (LO 6-7) On January 1, 2019, Aronsen Company acquired 90 percent of Sledel Company's outstanding shares. Sledel had a net book value on that date of $520,000: common stock ($10 par value) of $300,000 and retained earnings of $220,000. Aronsen paid $688,500 for this Investment. The acquisition-date fair value of the 10 percent noncontrolling Interest was $76,500. The excess fair value over book value associated with the acquisition was used to increase land by $200,000 and to recognize copyrights (15-year remaining life) at $45,000. Subsequent to the acquisition, Aronsen applied the initial value method to its Investment account In the 2019-2020 period, the subsidiary's retained earnings Increased by $220,000. During 2021, Siedel earned Income o $92,000 while declaring $32,000 in dividends. Also, at the beginning of 2021, Sledel issued 6,000 new shares of commor stock for $37 per share to finance the expansion of its corporate facilities. Aronsen purchased none of these additional shares and therefore recorded no entry. Prepare the appropriate 2021 consolidation entries for these two companies. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Answer is not complete. No Transaction Accounts Debit Credit 1 1 192,600 Investment in Siedel Retained earnings (Aronsen) 192,800 2 2 Investment in Siedel 86,400 Additional paid-in capital (Aronsen) 3 3 360,000 Common stock (Siedel) Additional paid in capital (Siedel) Retained earnings (Siedel) Investment in Siedel Noncontrolling interest in Siedel 162,000 440,000 721,500 240,500 4 4 Land 200,000 39,000 Copyrights Investment in Siedel Noncontrolling interest in Siedel 179,250 59.750