$1.\backslash ($ S $\backslash )$ is an $\backslash (90\backslash \%\backslash )$ owned subsidiary of $\backslash ($ P $\backslash ),$ Inc. $\backslash ($ P $\backslash )$ accounts for $\backslash ($ S $\backslash )$ using the equity method. The following facts apply:

On January $2,2022,$ S purchased a machine with a cost of $\backslash$$$160,000$ and accumulated depreciation of $\backslash (\backslash$$ $40,000\backslash )$ from $\backslash ($ P $\backslash )$ for $\backslash (\backslash$$ $100,000\backslash ).$ The machine had a $5-$year remaining life on January $2,2022,$ and is being depreciated by the straight$-$line method.

In $2024$ P reported net income of $\backslash (\backslash$$ $180,000\backslash )$ without including income from S$.$ S reported net income of $\backslash (\backslash$$ $100,000\backslash ).$

A$.$ What are the required consolidation entries for the $2024$ consolidated worksheet in general journal form. For any debit or credit to retained earnings or to an income statement account, indicate whether it is the parent's or the subsidiary's retained earnings or income statement account.

B$.$ What is the consolidated net income for $2024,$ along with the Noncontrolling Interest in income and the Controlling Interest in income.

$2.\backslash ($ S $\backslash )$ is $\backslash (70\backslash \%\backslash )$ owned subsidiary of $\backslash ($ P $\backslash ),$ Inc. The following facts apply to $2024$:

$-$ On January $1,2024,$ P held $\backslash$$$50,000$ of merchandise sold to it from $\backslash ($ S $\backslash ).$

$-$ S made sales to $\backslash ($ P $\backslash )$ during $2024$ totaling $\backslash (\backslash$$ $110,000\backslash ).$

$-$ On December $31,2024,$ P held $\backslash (\backslash$$ $60,000\backslash )$ of such goods purchased from $\backslash ($ S $\backslash )$ in its ending inventory.

$-$ S always sells to $\backslash (\backslash$underline$\{\backslash$underline$\{$P$\}\backslash$text $\{$ at $\}\}\backslash )$ a $\backslash (20\backslash \%\backslash )$ gross profit.

In $2024$ P reported net income of $\backslash (\backslash$$ $400,000\backslash )$ without including income from S$.$ S reported net income of $\backslash (\backslash$$ $150,000\backslash ).\backslash ($ P $\backslash )$ accounts for $\backslash ($ S $\backslash )$ using the equity method.

a$.$ What the required consolidation entries for the $2024$ consolidated worksheet in general journal form. For any debit or credit to retained earnings or to an income statement account, indicate whether it is the parent's or the subsidiary's retained earnings or income statement account.

b$.$ What is the consolidated net income for $2024,$ along with the Noncontrolling Interest in income and the Controlling Interest in income