How do I begin this problem? How do I figure the % of parent? Online answers are incorrect.

$450,000. The building has an estimated remaining life of 20 years. Any remaining excess is goodwill. The following summary of Solvo's retained earnings applies to 2015 and 2016: Balance, January I , 2015. Net income for 2015 . Dividends paid in 2015. Balance, December 3 1 , 2015 Net income for 2016. Dividends paid in 2016.. Balance, December 3 1 , 2016 $250,000 60,000 (10,000) $300,000 50,000 (10,000) $340,000 l. Prepare a value analysis and a determination and distribution of excess schedule for the Required investment in Solvo Company. As a part of the schedule, indicate annual amortization of excess adjustments. 2. For 2015 and 2016, prepare the entries that Port would make concerning its investment in Solvo under the simple equity, sophisticated equity, and cost methods You may want to set up a worksheet with side-by-side columns for each method so that you can easily compare the entries. 3. For 2015 and 2016, prepare the worksheet elimination that would be made on a consoli- dated worksheet under the simple equity, sophisticated equity, and cost methods. You may want to set up a worksheet with side-by-side columns for each method so that you can easily compare the entries.