You do not have to give a thorough explanation; however, please ensure there is some organization - preferably an Excel-like table - that shows what goes where. Thank you in advance!

Question 3 of 60/95View PoliciesShow Attempt HistoryCurrent Attempt in ProgressOn December 31, 2020, Sunny Company purchased a controlling interest in Bramble Company for $1,100,000. The consolidatedbalance sheet on December 31, 2020 reported noncontrolling interest in Bramble Company of $275,000.On the date of acquisition, the stockholders' equity section of Bramble Company's balance sheet was as follows:Common stock$530,000Other contributed capital380,000Retained earnings300,000Total$1,210,000(a)* Your answer is incorrect.Compute the noncontrolling interest percentage on December 31, 2020.Noncontrolling interest22.73eTextbook and MediaSave for LaterAttempts: 1 of 2 usedSubmit Answer Prepare the investment elimination entry made to prepare a consolidated balance sheet workpaper, Any difference betweenbook value and the value implied by the purchase price relates to subsidiary land. (Credit account titles are automatically indentedwhen the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Imvestment in Sunny Company vInvestment in Bramble Company o Debit 1,100,000 Difference between Implied and Book Values ' Commen Stock - Bramble hd Other Contributed Capital - Bramble Accounts PayableAccounts ReceivableCash Common Stock - SunmyCommon Stock - Bramble Difference between Implied and Book Values Investment in Sunny Company Investment in Bramble Company Mo Entry Moncontrolling Interest in EquityOther Contributed Capital - SunnyOther Contributed Capital - Bramble Retained Earnings - SunnyRetained Earnings - Bramble Attempts: 1 of 2 used