I need help with the answers marked red, please show your work for a thumbs up.

Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Company reported assets and liabilities with book values of $436,000 and $167,000, respectively, common stock outstanding of $86,000, and retained earnings of $183,000. The book values and fair values of Scrub's assets and liabilities were identical except for land, which had increased in value by $17,000, and inventories, which had decreased by $7,000. Required: a. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $294,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $265,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)