This week you finish working on your course project. Up to this point you have used the Equity method to book the acquisition and consolidation of Roller Company. For this part of your project complete a one to two (1-2) page written report to discuss the differences in the preparatory entries, and calculations if the Roller acquisition had been booked using the Push-down method. Additionally, please be sure to address the appropriateness of using this method. Use APA to format your report. Submit your report in a Microsoft Word document.

I have added the Excel that was used for the First part of the project.

workings Equity method entries Investment in Roller Co Cash 119000 119000 Investment in Roller Co. Income from roller co 31000 Cash Investment in Roller Co. 20700 Income from Roller Co Investment in Roller Co. 2500 31000 20700 2500 Book Value Calculation Original Book Value Net Income Dividends Ending Book Value Total Book value.= 94000 31000 20700 104300 Beginning Goodwill Identifiable excess Retained earnings 37000 31000 20700 47300 57000 Ending 9000 16000 1 Basic eliminating entry common Stock Retained earnings Income from Roller Co. Dividend Declared Investment in Roller Co. Common Stock .+ 57000 2400 12800 15200 57000 37000 31000 20700 104300 Excess Value (differencial) calculations Total Beginning balance Changes Ending Balance 2 Amortized excess value reclassification entry Dep. Exp Goodwill Impairment Loss Income from Roller Co. Bldg.& Eqp. .+ 25000 16000 -9800 15200 16000 Acc. Dep .+ 0 -3200 -3200 Goodwill 9000 -6600 2400 3200 6600 9800 3 Excess value differencial reclassification entry Building & Equipment Goodwill Accumulated Depreciation Investment in roller Co, 16000 2400 3200 15200 4 Accumulated Depreciation Building & Equipment 3200 3200 End bal Investment in Roller Co 119000 20700 31000 9800 119500 Basic 104300 Excess cls. 15200 Income from Roller Co. 100% NI 31000 9800 31000 End bal Mill Corporation And Subsidiary Three part Consolidation Work Sheet December 31, 20X8 Sales Less COGS Less Wages Expenses Less Depreciation Expenses Less Interest Expenses Less Other Expenses Less Impairment Loss Net Income Statement of retained Earnings Mill Corp 262000 131000 41000 24000 11000 12500 -6600 49100 Roller Co. 187000 116000 18000 9000 6000 7000 31000 Elimination Entries DR CR Consolidated 449000 247000 59000 33000 17000 19500 -6600 80100 21200 9800 Beginning Balance Net Income Less Dividend Declared Ending Balance Assets Cash Accounts receivables Inventory Land Building and Equipment Less Accumulated Depreciation Investment in Roller Co. Goodwill Total Assets Liabilities and Stockholders Equity Accounts Payable Wages Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Equity 165200 49100 32000 182300 26700 31000 20700 37000 38500 83000 103000 32000 361000 -134000 119500 2400 40000 31000 44000 34000 165000 -39000 32000 12000 148000 197000 182300 11000 7000 152700 57000 37000 26700 31000 20700 119500 57000 18100 165200 49100 32000 182300 78500 114000 147000 66000 526000 -173000 0 2400 760900 43000 19000 300700 197000 201200 760900 The next three journal entries say: 2: record the amortization of excess value reclassification entry 3: Record the excess value (differential) reclassification entry. 4: Record optional accumulated depreciation elimination entry. This week you finish working on your course project. Up to this point you have used the Equity method to book the acquisition and consolidation of Roller Company. For this part of your project complete a one to two (1-2) page written report to discuss the differences in the preparatory entries, and calculations if the Roller acquisition had been booked using the Push-down method. Additionally, please be sure to address the appropriateness of using this method. Use APA to format your report. Submit your report in a Microsoft Word document. The next three journal entries say: 2: record the amortization of excess value reclassification entry 3: Record the excess value (differential) reclassification entry. 4: Record optional accumulated depreciation elimination entry. This week you finish working on your course project. Up to this point you have used the Equity method to book the acquisition and consolidation of Roller Company. For this part of your project complete a one to two (1-2) page written report to discuss the differences in the preparatory entries, and calculations if the Roller acquisition had been booked using the Push-down method. Additionally, please be sure to address the appropriateness of using this method. Use APA to format your report. Submit your report in a Microsoft Word document