(b) Prepare the workpaper eliminating entries for a workpaper on December 31, 2015. ( 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 0 for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Account Titles and Explanation Debit Credit Equity in Subsidiary Incom 156910 Dividends Declared - S 42670 Investment in Subsidial 114240 (To record and dividend income Common Stock - Subsidiar 91900 Other Contributed Capital 36600 Retained Ea 271400 Difference between Implie 153206 Investment in Subsidial 470140 Noncontrolling Interest 82966 (To eliminate investment in subsidiary and create noncontrolling interest) 153206 Difference between Imp 153206 (To eliminate excess of the book value of equity acquired.) SHOW LIST OF ACCOUNTSExercise 4-7 On January 1, 2014, Pert Company purchased 85% of the outstanding common stock of Sales Company for $355,900. On that date, Sales Company's stockholders' equity consisted of common stock, $91,900; other contributed capital, $36,600; and retained earnings, $137,000. Pert Company paid more than the book value of net assets acquired because the recorded cost of Sales Company's land was significantly less than its fair value. During 2014 Sales Company earned $139,100 and declared and paid a $50,200 dividend. Pert Company used the partial equity method to record its investment in Sales Company. Assume that during 2015 Sales Company earned $184,600 and declared and paid a $50,200 dividend