Equity Method, Eliminating Entries, Several Years After Acquisition Data for Planet Two Communications and its wholly-owned subsidiary, Stage 4 Networks, are given below. PlanetTwo acquired Stage 4 on January 1, 2013. PlanetTwo uses the complete equity method to report its investment in Stage 4 and its accounting year ends December 31. (in thousands) Acquisition cost $25,000 Stage 4's shareholders' equity, January 1, 2013 5,000 Stage 4's total reported net income, 2013-2020 10,000 Stage 4's total dividends paid, 2013-2020 3,000 Stage 4's reported net income, 2021 600 Dividends declared and paid by Stage 4, 2021 Allocation of excess of cost over book value to identifiable net assets, at acquisition date: Land (400) Buildings (20-year life, straight-line) (1.000) Identifiable intangibles (5-year life) 4,000 Long-term debt discount (10 years to maturity as of January 1, 2013 200 Goodwill impairment loss, 2013-2020 300 Goodwill impairment loss, 2021 60 100 Required a. Calculate the original goodwill reported for this acquisition in thousands) b. Calculate the equity in net income for 2021, reported on Planet Two's books, using the complete equity method, (in thousands) c. Calculate the balance in Investment in Stage 4 Networks at December 31, 2021, reported on Planet Two's books, (in thousands) d. Prepare the eliminating entries necessary to consolidate the financial statements of Planet Two and Stage 4 for 2021