Question3(50%) On January1,2016, F Company acquired an 70% interest in H Company for S485,000. The acquisition-date fair value of the 30% noncontrolling interest"'s ownership shares was $102,500. Also as of that date, H reported total stockholders" equity of $400,000($100,000 in common stock and $300,000 in retained earnings. In setting the acquisition price, F appraised four accounts at values different from the balances reported within H's financial records. Buildings(8-years life). undervalued by $50,000 Land. ...undervalued by $50,000 Equipment(5-years life). undervalued by S12,500 Royalty agreement(20-year life).......... ...not recorded, valued at $30,000 As of December 31,2020, the trial balances of these two companies are as follows: F Company H Company Debits 280 000 Current assets Investment in H Company Land Buildings(net) Equitment(net) Depreciation Expenses Dividends Total debits Credits 603 000 485 000 200 000 640 000 380 000 550 000 90 000 2948 000 300 000 290 000 158 000 190 000 20 000 1238 000 Liabilities 970 000 Common Stock 480 000 Retained earnings (1/1/2020) 704 000 Revenues 780 000 Dividend income 14 000 Total credits 2948 000 298 000 100 000 480 000 360 000 1238 000 Required: Prepare consolidated entries for the year 2020. Question4(16%) Commoratiu mongolidotod holongo choot doto Bacite Dan