What is the answer of [C] [I&D] [S] [A] [E]? Entry THANK YOU

What is the answer of [C] [I&D] [S] [A] [E]? THANK YOU

On January 1, 2017, Perch Company purchased an 80% interest in the capital stock of Salmon Company for $3,400,000. At that time, Salmon Company had common stock of $2,200,000 and retained earnings of $620,000. Perch Company uses the cost method to record its investment in Salmon Company. Differences between the fair value and the book value of the identifiable assets of Salmon Company were as follows: 17 Points Fair Value in Excess of Book Value Equipment Land Inventory $400,000 200,000 80,000 The book values of all other assets and liabilities of Salmon Company were equal to their fair values on January 1, 2017. The equipment had a remaining life of five years on January 1, 2017; the inventory was sold in 2017. Salmon Company's net income and dividends declared in 2017 were as follows: Year 2017 Net Income of $400,000; Dividends Declared of $100,000 Perch Salmon Company Company 1,800,000 4,400,000 192.000 4,592,000 3,600,000 160,000 240,000 4,000,000 592,000 1,800,000 800,000 120,000 200,000 1,120,000 680,000 Income Statement Sales Dividend Income Total Revenue Cost of Goods Sold Depreciation Expense Other Expenses Total Cost & Expenses Net/Consolidated Income Noncontrolling Interest in Income Net Income to Retained Earnings Retained Earnings Statement 1/1 Retained Earnings Perch Company Salmon Company Net Income from above Dividends Declared Perch Company Salmon Company 12/31 Retained Earnings to Balance Sheet 592,000 680,000 2,000,000 920,000 680,000 592,000 (360,000) (240.000) 2,232,000 1,360,000 Perch Company Salmon Company 280,000 1,040,000 960,000 3,400,000 260,000 760,000 700,000 Balance Sheet Cash Accounts Receivable Inventory Investment in Salmon Company Goodwill Land Plant and Equipment Total Assets Accounts Payable Notes Payable 1.440.000 7,120,000 528,000 360,000 1,280,000 1.120.000 4,120,000 440,000 120,000 4,000,000 Common Stock: Perch Company Salmon Company Retained Earnings from above 1/1 Noncontrolling Interest in Net Assets 12/31 Noncontrolling Interest in Net Assets Total Liabilities & Equity 2,200,000 1,360,000 2,232,000 7,120,000 4,120,000 On January 1, 2017, Perch Company purchased an 80% interest in the capital stock of Salmon Company for $3,400,000. At that time, Salmon Company had common stock of $2,200,000 and retained earnings of $620,000. Perch Company uses the cost method to record its investment in Salmon Company. Differences between the fair value and the book value of the identifiable assets of Salmon Company were as follows: 17 Points Fair Value in Excess of Book Value Equipment Land Inventory $400,000 200,000 80,000 The book values of all other assets and liabilities of Salmon Company were equal to their fair values on January 1, 2017. The equipment had a remaining life of five years on January 1, 2017; the inventory was sold in 2017. Salmon Company's net income and dividends declared in 2017 were as follows: Year 2017 Net Income of $400,000; Dividends Declared of $100,000 Perch Salmon Company Company 1,800,000 4,400,000 192.000 4,592,000 3,600,000 160,000 240,000 4,000,000 592,000 1,800,000 800,000 120,000 200,000 1,120,000 680,000 Income Statement Sales Dividend Income Total Revenue Cost of Goods Sold Depreciation Expense Other Expenses Total Cost & Expenses Net/Consolidated Income Noncontrolling Interest in Income Net Income to Retained Earnings Retained Earnings Statement 1/1 Retained Earnings Perch Company Salmon Company Net Income from above Dividends Declared Perch Company Salmon Company 12/31 Retained Earnings to Balance Sheet 592,000 680,000 2,000,000 920,000 680,000 592,000 (360,000) (240.000) 2,232,000 1,360,000 Perch Company Salmon Company 280,000 1,040,000 960,000 3,400,000 260,000 760,000 700,000 Balance Sheet Cash Accounts Receivable Inventory Investment in Salmon Company Goodwill Land Plant and Equipment Total Assets Accounts Payable Notes Payable 1.440.000 7,120,000 528,000 360,000 1,280,000 1.120.000 4,120,000 440,000 120,000 4,000,000 Common Stock: Perch Company Salmon Company Retained Earnings from above 1/1 Noncontrolling Interest in Net Assets 12/31 Noncontrolling Interest in Net Assets Total Liabilities & Equity 2,200,000 1,360,000 2,232,000 7,120,000 4,120,000