Your answer is partially correct. Try again. Prepare the eliminating entries required for the preparation of a consolidated statements workpaper on December 31, 2014, assuming the use of the equity method. (Credit account titles are automatically indented when 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. Round answers to o decimal places, e.g. 5,125.) Account Titles and Explanation Debit Credit Investment in Subsidiary 42,660 Dividends Declared - Subsidiary Company U-KA 42660 T No entry (To record dividend income) Common Stock - Subsidiary Company 1 446,400 TRetained Earnings - Subsidiary Company 188,200 Difference between Implied and Book Value US Investment in Subsidiary 514,920 Noncontrolling Interest U 140,680 140,680 (To eliminate investment in subsidiary and create noncontrolling interest) Your answer is partially correct. Try again. Prepare the eliminating entries required for the preparation of a consolidated statements workpaper on December 31, 2014, assuming the use of the equity method. (Credit account titles are automatically indented when 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. Round answers to o decimal places, e.g. 5,125.) Account Titles and Explanation Debit Credit Investment in Subsidiary 42,660 Dividends Declared - Subsidiary Company U-KA 42660 T No entry (To record dividend income) Common Stock - Subsidiary Company 1 446,400 TRetained Earnings - Subsidiary Company 188,200 Difference between Implied and Book Value US Investment in Subsidiary 514,920 Noncontrolling Interest U 140,680 140,680 (To eliminate investment in subsidiary and create noncontrolling interest)