Continuing in time from Part 1: Portland found that a $10,000 impairment of goodwill took place during 20X2. At the end of 20X2, Portland owed Spokane $25,000, and Spokane owed Portland $45,000. Here the trial balance data for Portland and Spokane on December 31, 20X2: De Required: A. Prepare the journal entries Portland made during 20X2 related to its investment in Spokane. B. Prepare the consolidation/eliminating entries needed to consolidate the two companies at the end of 20X2 C. Prepare the consolidation working paper for December 31, 2022. Put required CEs/EEs in their proper columns. Use a coding system. Use Figure 5-4 as a general guide for the format. Remember to do the format requirements in the syllabus, such as Dates, Company name (i.e., parent identified), Name of statement, Dollar Signs, Commas, and Underlines. Continuing in time from Part 1: Portland found that a $10,000 impairment of goodwill took place during 20X2. At the end of 20X2, Portland owed Spokane $25,000, and Spokane owed Portland $45,000. Here the trial balance data for Portland and Spokane on December 31, 20X2: De Required: A. Prepare the journal entries Portland made during 20X2 related to its investment in Spokane. B. Prepare the consolidation/eliminating entries needed to consolidate the two companies at the end of 20X2 C. Prepare the consolidation working paper for December 31, 2022. Put required CEs/EEs in their proper columns. Use a coding system. Use Figure 5-4 as a general guide for the format. Remember to do the format requirements in the syllabus, such as Dates, Company name (i.e., parent identified), Name of statement, Dollar Signs, Commas, and Underlines