What are the amounts for the following eliminating entry:

Equity Income (DR) ???

Dividends Declared (CR)???

Investment in S (CR) ???

nJanuary1, 2015 Parent Company purchased80% of the commonstod of Subsidiary Company $308,000. On this date, Subsidiary had common stock, Other Contributed Capital and Retained for $308,000. On this date, Subsidiary had common earnings of $50,000, $100,000, and $150,000, respectively Net Income and dividends for two years for Subsidiary Company are as follows: 2015- Net Income $60,000 and Dividends $20,000 2016 - Net Income $90,000 and Dividends $30,000. On January 1, 2015, the only undervalued assets of Su bsidiary are inventory and a building. Inventory, for which the FIFO method of valuation is used, is worth $10,000 more than its cost. The inventory is sold during 2015. The building, which is worth $25,000 more than book value has a remaining life of 10 years, and straight-line depreciation is used The trial balances of President and Subsidiary are as follows: dnventory, December 3 1 Other Current Assets Investment in Subsidiary Land Buildings & Equipment (net) Other Intangibles Current Liabilities Bonds Payable Other Long-Term Liabilities Common Stock Other Contributed Capitaly Retained Earnings 100,000 148, 50,000 180,000 000 50,000 250,000 50,000 260,000 20,000 120,00040.00 40,000 100,000 200,000 50,000 la bilities: 200,000 100,000 100,000 190,000 204,000 Net Sales Cost of Goods Sold Operating Expenses Equity Income Dividends Declared 520,000 450,000 300,000 260,000 120,000 100,000 50,000 30,000 D inter company sajes During 2016,Subsidiary Company sold $40,000 worth of merchandise t Company held applic During 2016, Subsidiary Company sold $40,000 worth of merchandise to Parent Company, Parent held $6,000 of this merchandise at December 31, 2016. This ending inventory had an able gross profit of30%. Parent Company used the FIFO method of inventory valuation Parent Company owed Subsidiary Company $11,000 on December 31, 2016 as a result of these intercompany sales