can someone please help me fix the incorrect answers!

Recording Entries for Equity Investment: Equity Method, Partial Year On July 1, Allen Corporation purchased 30% of the 54,000 outstanding common shares of Towne Corporation at 517 per share as a long-tem investinent. On the date of punchase, the book walve and the fair value of the net assets of Towne Corporation were equal. During the year, Towne Corporatica reported net income of 543,200 . Towne Corporation dectared and paid cash aivdendsof $14,400 on December 30 to shareholders on record. As of December 31, common shares of Towne Corporation were trading at $20 per share. a. fecord Alien's entries on (1) July 1, (2) December 30, and (3) December 31, assuening that Nien Corporation had significant influence over fowne Corporation. b. Indicate the effects of this investment on Allen's income statement and its year-end balance sheet (ignoring any effects on cash). - Note: Indicate a loss with a negative sign