Snyder Company reported the following balances on January 1, 2018:

Preferred Stock (8%, $80 par value, call price is $120) $240,000

Common Stock ($10 par value) 440,000

Total 680,000

On January 1, 2018, Campbell Company acquired 70% of Snyder Company's common stock for $540,000 and 25% of its preferred stock for $140,000. In 2018, Snyder declared dividends

of $84,000, and reported net income of $128,000. Dividends on the 8% preferred stock were not paid during 2017. Campbell had net income (including dividends from subsidiary)

of $342,000 in 2018.

How would I prepare the JE's made by campbell in 2018 to record their investment in Snyder, if I'm using the cost method? For both a. Preferred stock is cumulative and nonparticipating. b. Preferred stock is noncumulative and fully participating?

Also, how would I compute the 2018 controlling interest in net income for each of the following independent cases?

a. Preferred stock is cumulative and nonparticipating.

b. Preferred stock is noncumulative and fully participating.