I am looking for help to pepare the basic consolidation entries for the below scenario.

Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc., purchased on December 31, 20x1, for $2,100,000. At the date of acquisition, Sword reported common stock with a par value of $920,000, additional pald-in capital of $1,270,000, and retained earnings of $540,000. The fair value of the noncontrolling interest at acquisition was $700,000. The differential at acquisition was attributable to the following items: Inventory (sold in 20X2) Land Goodwill Total Differential $17,500 24,500 28,000 $70,000 During 20X2. Prince sold a plot of land that it had purchased several years before to Sword at a gain of $9.800; Sword continues to hold the land. In 20X6, Prince and Sword entered into a five-year contract under which Prince provides management consulting services to Sword on a continuing basis; Sword pays Prince a fixed fee of $83.000 per year for these services. At December 31, 20X8, Sword owed Prince $20,750 as the final 20X8 quarterly payment under the contract. On January 2, 20x8, Prince paid $260,000 to Sword to purchase equipment that Sword was then carrying at $300,000. Sword had purchased that equipment on December 27, 20X2, for $450,000. The equipment is expected to have a total 15-year life and no salvage value. The amount of the differential assigned to goodwill has not been impaired. Sword Distributors Inc, Debit Credit S 43,000 93,400 219,900 Item Cash Current Receivables Inventory Investment in Sword Distributors Land Buildings & Equipment Cost of Goods Sold Depreciation & Amortization Other Expenses Dividends Declared Accumulated Depreciation Current Payables Bonds Payable Common Stock Additional Paid-in Capital Retained Earnings, January 1 Sales Other Income or Loss Income from Sword Distributors Total Prince Corporation Debit Credit 55,700 105,800 290,000 2,785,825 408,000 2,570,000 2,192,000 185,000 1,366,000 42,000 $ 1,989.000 90,200 905,000 92.000 1,270,000 1.456,800 4,870,575 94,000 132,750 $10,000,325 $18,000,325 1,204,000 3,130,000 510.000 86,000 226,000 12,000 $ 411,000 468,300 188.000 928,000 1,270,000 1,328,990 996,000 33,000 $5.557,300 $5,557,300 As of December 31, 20X3. Sword had declared but not yet paid its fourth-quarter dividend of $5,000. Both companies use straight-line depreciation and amortization. Prince uses the fully adjusted equity method to account for its investment in Sword. Event Accounts Debit Credit 1 Common stock 920,000 1,320,000 Retained earnings Income from Sword Dist. 132,750 NCI in NI of Sword Dist. Additional paid-in capital 1,270.000 Investment in Sword Dist. 2.756,250 NCI in NA of Sword Dist. Dividends declared 12.000