I need help with part B On January $1,2020,$ Corgan Company acquired $80$ percent of the outstanding voting stock of Smashing, Inc., for a total of $\backslash (\backslash$$ $1,560,000\backslash )$ in cash and other consideration. At the acquisition date, Smashing had common stock of $\backslash (\backslash$$ $900,000\backslash ),$ retained earnings of $\backslash (\backslash$$ $450,000\backslash ).$ and a noncontrolling interest fair value of $\backslash (\backslash$$ $390,000\backslash ).$ Corgan attributed the excess of fair value over Smashing's book value to various covenants with a $20-$year remaining life. Corgan uses the equity method to account for its investment in Smashing. During the next two years, Smashing reported the following: Corgan sells inventory to Smashing using a $60$ percent markup on cost$.$ At the end of $2020$ and $2021,40$ percent of the current year purchases remain in Smashing's inventory. o$.$ Compute the equity method balance in Corgan's Investment in Smashing, Inc., account as of December $31,2021.$ b$.$ Prepare the worksheet adjustments for the December $31,2021,$ consolidation of Corgan and Smashing.