really struggling with this one

lew&singleQuestionNo=2.&postSubmission.. . . . Protecto Corporation purchased 85 percent of Strand Company's outstanding shares on January 1, 20X1, for $51,000 more than book value. At that date, the fair value of the noncontrolling interest was $9,000 more than 15 percent of Strand's book value. The full amount of the differential is considered related to patents and is being amortized over an eight-year period. In 20X1, Strand purchased a piece of land for $42,000 and later in the year sold it to Protecto for $58,000. Protecto is still holding the land as an investment. During 20X3, Protecto bonds with a value of $120,000 were exchanged for equipment valued at $120,000. On January 1, 20X3, Protecto held inventory purchased previously from Strand for $35,000. During 20X3, Protecto purchased an additional $88,000 of goods from Strand and held $40,000 of this inventory on December 31, 20X3. Strand sells merchandise to the parent at cost plus a 25 percent markup. Strand also purchases inventory items from Protecto. On January 1, 20X3, Strand held inventory it had previously purchased from Protecto for $14,500, and on December 31, cost plus a 45 percent markup. 20X3, it held goods it had purchased from Protecto for $8,700 during 20X3. Strand's total purchases from Protecto in 20X3 were $20,000. Protecto sells inventory to Strand at The consolidated balance sheet at December 31, 20X2, contained the following amounts: Debit Credit Cash $ 90,000 Accounts Receivable 125,000 Inventory 150.000 Land 75,000 Buildings and Equipment 460,000 Patents 45,000 Accumulated Depreciation $215,000 Accounts Payable 186,050 Bonds Payable 96,000 Noncontrolling Interest 37,950 Common Stock 140,000 Retained Earnings 270,000 Totals $945,000 $945,000 The consolidation worksheet below was prepared on December 31, 20X3. All consolidation entries and adjustments have been he worksheet. Protecto accounts for its investment in Strand using the fully adjusted equity method. PROTECTO CORPORATION AND STRAND COMPANY Consolidation Worksheet December 31, 20X3