Semer Corporation is a mqjority owned subsidiary or Procy Corporation. Frooy acquired $75$ percent omnership on January $1,20x6,$ far $$133,500.$ At that date, Server reported common stock cutstandlng of $$60000$ and retained camings of $$90000,$ and the falr value of the nonconbroling interest was $$44,500.$ The differential is assigned to equipment, which had a fair value $$28,000$ more than book: value and a remaining economic lffe of seven years at the date of the business combination. Server reporied net income of $530,000$ and paid d widends of $$12,000$ in $203.$

Aequired:

a$.$ Prepare the journal entries reconded by Prayy during $20x3$ an its books if it acoounts far iss imestment in Scrver using the equily method.

b$.$ Prepare the consolidation entries needed at December $31,20x2$ te prepare cciselidebded fnancial stewisments. Note: If no entry Is required for a transoctionicuent, select' No journal ortry requined in the tirst account fleted.

$\backslash$table$[[No,$Eviant,Aceounits,,Dobli,creat$],[4,1,,(9),245600,],[,$Cothmentaked,$9,6709014,],[=,,6,$sposole,$],[,,4,$NENoter,$],[,$Dritands decta ios,er$,,120006],[,$Iweslmerilin Surver Corperoson,$0,4,125,060(0)$