The following are selected accounts and balances for Jonah Company and Hill, Incorporated, as of December $31,2024.$ Several of Jonah$$s accounts have been omitted. Credit balances are indicated by parentheses. Dividends were declared and paid in the same period.

Accounts Jonah Hill

Revenues $ $(620,000)$ $ $(248,000)$

Cost of goods sold $260,00086,000$

Depreciation expense $106,00040,000$

Investment income Not given Not given

Retained earnings, $1/1/24(914,000)(584,000)$

Dividends declared $140,00038,000$

Current assets $206,000694,000$

Land $292,00092,000$

Buildings $($net$)482,000142,000$

Equipment $($net$)196,000256,000$

Liabilities $(404,000)(314,000)$

Common stock $(304,000)(38,000)$

Additional paid$-$in capital $(50,000)(902,000)$

Assume that Jonah acquired Hill on January $1,2020,$ by issuing $7,800$ shares of common stock having a par value of $$10$ per share but a fair value of $$100$ each. On January $1,2020,$ Hill$$s land was undervalued by $$21,000,$ its buildings were overvalued by $$30,600,$ and equipment was undervalued by $$59,400.$ The buildings had a $10-$year remaining life; the equipment had a $5-$year remaining life. A proprietary database with an appraised value of $$100,000$ was developed internally by Hill and was estimated to have a $20-$year remaining useful life.

Required:

If the parent uses the equity method, what consolidation entries would be used on a $2024$ worksheet?

$1.$ Prepare Entry S to eliminate the beginning stockholders' equity of the subsidiary.

$2.$ Prepare Entry A to recognize the unamortized allocation balances as of the beginning of the current year.

$3.$ Prepare Entry I to remove the equity income recognized during the year $-$ equity method.

$4.$ Prepare Entry D to remove the Intra$-$entity dividend declarations.

$5.$ Prepare Entry E to recognize the excess acquisition$-$date fair$-$value amortizations for the period.