answer all requred

Using cost method solve the following: Jack Company has acquired 70% of Sail Company for $490,000 on the date of the acquisition the subsidiary had retained earnings $90,000 and a capital of $550,000. a. Record the parent entry in time of acquisition of investment. [Marks: 5] b. Is there any Goodwill raised from the business combination. If yes what is the amount of Goodwill. [Marks: 10] c. Record the entry required for consolidation on date of acquisition (using cost method) [Marks: 10] d. During the year the company has net income of 200,000 and distributed $50,000 dividends. - what the value of the parent investment account and the non controlling interest investment account after one year of the acquisition (using cost method)? [Marks: 10] Using cost method solve the following: Jack Company has acquired 70% of Sail Company for $490,000 on the date of the acquisition the subsidiary had retained earnings $90,000 and a capital of $550,000. a. Record the parent entry in time of acquisition of investment. [Marks: 5] b. Is there any Goodwill raised from the business combination. If yes what is the amount of Goodwill. [Marks: 10] c. Record the entry required for consolidation on date of acquisition (using cost method) [Marks: 10] d. During the year the company has net income of 200,000 and distributed $50,000 dividends. - what the value of the parent investment account and the non controlling interest investment account after one year of the acquisition (using cost method)? [Marks: 10]