The fifth entry that is supposed to be entry I is the one I don't understand why it is incorrect

Fred, Inc., and Herman Corporation formed a business combination on January 1, 2016, when Fred acquired a 60 percent interest in Herman's common stock for $312,000 in cash. The book value of Herman's assets and liabilities on that day totaled $300,000 and the fair value of the noncontrolling interest was $208,000. Patents being held by Herman (with a 12-year remaining life) were undervalued by $90,000 within the company's financial records and a customer list (10-year life) worth $130,000 was also recognized as part of the Eacquisition date fair value. Intra-entity inventory transfers occur regularly between the two companies. Merchandise carried over from one year to the next is always sold in the subsequent period. Year 2016 2017 2018 Original Cost to Herman $ 80,000 100,000 90,000 Transfer Price to Fred $ 100,000 125,000 120,000 Ending Balance at Transfer Price $ 20,000 40,000 30,000 Fred had not paid for half of the 2018 inventory transfers by year-end. On January 1, 2017, Fred sold $15,000 in land to Herman for $22,000. Herman is still holding this land On January 1, 2018, Herman acquired $20,000 (face value) of Fred's bonds in the open market. These bonds had an 8 percent cash interest rate. On the date of repurchase, the liability was shown within Fred's records at $21,386, indicating an effective yield of 6 percent. Herman's acquisition price was $18,732 based on an effective interest rate of 10 percent. On January 1, 2018, Herman acquired $20,000 (face value) of Fred's bonds in the open market. These bonds had an 8 percent cash interest rate. On the date of repurchase, the liability was shown within Fred's records at $21,386, indicating an effective yield of 6 percent. Herman's acquisition price was $18,732 based on an effective interest rate of 10 percent. Herman indicated earning a net income of $25,000 within its 2018 financial statements. The subsidiary also reported a beginning Retained Earnings balance of $300,000, dividends of $4,000, and common stock of $100,000. Herman has not issued any additional common stock since its takeover. The parent company has applied the equity method to record its investment in Herman. a. Prepare consolidation worksheet adjustments for 2018. b. Calculate the amount of consolidated net income attributable to the noncontrolling interest for 2018. In addition, determine the ending 2018 balance for noncontrolling interest in the consolidated balance sheet. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare consolidation worksheet adjustments for 2018. (If no entry is required for a transaction/event, select "No journal en required in the first account field. Round your intermediate calculations to the nearest whole number.) No Transaction Accounts Credit Debit 7,000 Investment in Herman Land 7.000 8,000 Retained earnings (Herman) Cost of goods sold 8,000 100,000 292,000 Common stock (Herman) Retained earnings (Herman) Investment in Herman Noncontrolling interest in Herman 235.200 156,800 Patents Customer ist Oo ooo 0 00 75,000 104,000 Investment in Herman Noncontrolling interest in Herman 107.400 71,600 5 3,000 X Equity income of Herman Investment in Herman 3,000 $ Fred, Inc., and Herman Corporation formed a business combination on January 1, 2016, when Fred acquired a 60 percent interest in Herman's common stock for $312,000 in cash. The book value of Herman's assets and liabilities on that day totaled $300,000 and the fair value of the noncontrolling interest was $208,000. Patents being held by Herman (with a 12-year remaining life) were undervalued by $90,000 within the company's financial records and a customer list (10-year life) worth $130,000 was also recognized as part of the Eacquisition date fair value. Intra-entity inventory transfers occur regularly between the two companies. Merchandise carried over from one year to the next is always sold in the subsequent period. Year 2016 2017 2018 Original Cost to Herman $ 80,000 100,000 90,000 Transfer Price to Fred $ 100,000 125,000 120,000 Ending Balance at Transfer Price $ 20,000 40,000 30,000 Fred had not paid for half of the 2018 inventory transfers by year-end. On January 1, 2017, Fred sold $15,000 in land to Herman for $22,000. Herman is still holding this land On January 1, 2018, Herman acquired $20,000 (face value) of Fred's bonds in the open market. These bonds had an 8 percent cash interest rate. On the date of repurchase, the liability was shown within Fred's records at $21,386, indicating an effective yield of 6 percent. Herman's acquisition price was $18,732 based on an effective interest rate of 10 percent. On January 1, 2018, Herman acquired $20,000 (face value) of Fred's bonds in the open market. These bonds had an 8 percent cash interest rate. On the date of repurchase, the liability was shown within Fred's records at $21,386, indicating an effective yield of 6 percent. Herman's acquisition price was $18,732 based on an effective interest rate of 10 percent. Herman indicated earning a net income of $25,000 within its 2018 financial statements. The subsidiary also reported a beginning Retained Earnings balance of $300,000, dividends of $4,000, and common stock of $100,000. Herman has not issued any additional common stock since its takeover. The parent company has applied the equity method to record its investment in Herman. a. Prepare consolidation worksheet adjustments for 2018. b. Calculate the amount of consolidated net income attributable to the noncontrolling interest for 2018. In addition, determine the ending 2018 balance for noncontrolling interest in the consolidated balance sheet. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare consolidation worksheet adjustments for 2018. (If no entry is required for a transaction/event, select "No journal en required in the first account field. Round your intermediate calculations to the nearest whole number.) No Transaction Accounts Credit Debit 7,000 Investment in Herman Land 7.000 8,000 Retained earnings (Herman) Cost of goods sold 8,000 100,000 292,000 Common stock (Herman) Retained earnings (Herman) Investment in Herman Noncontrolling interest in Herman 235.200 156,800 Patents Customer ist Oo ooo 0 00 75,000 104,000 Investment in Herman Noncontrolling interest in Herman 107.400 71,600 5 3,000 X Equity income of Herman Investment in Herman 3,000 $