I need help with this problem, I've been stock for two days if somebody could help I'll appreciate it. Could you please show me the steps for me to follow along to get the answer.

On January 1, 2014, QuickPort Company acquired 90 percent of the outstanding voting stock of NetSpeed, Inc., for $810,000 in cash and stock options. At the acquisition date, NetSpeed had common stock of $800,000 and Retained Earnings of $40,000. The acquisition-date fair value of the 10 percent noncontrolling interest was $90,000. QuickPort attributed the $60,000 excess of NetSpeed's fair value over book value to a database with a 5-year remaining life. During the next two years, NetSpeed reported the following: 2014 2015 Income $ 80,000 115,000 Dividends $ 8,000 8,000 On July 1, 2014, QuickPort sold communication equipment to NetSpeed for $42,000. The equipment originally cost $48,000 and had accumulated depreciation of $9,000 and an estimated remaining life of three years at the date of the intra-entity transfer. a. Compute the equity method balance in QuickPort's Investment in NetSpeed, Inc., account as of December 31, 2015. Investment in NetSpeed, Inc., 12/31/15 b. Prepare the worksheet adjustments for the December 31, 2015, consolidation of QuickPort and NetSpeed. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Transaction (1) Prepare entry *TA 1 (2) Prepare entry S 2 (3) Prepare entry A 3 Consolidating Entries Debit Credit References eBook & Resources Problem Difficulty: Medium Problem 5-22 (LO 5-7) Learning Objective: 05-07 Prepare the consolidation entries to remove the effects of upstream and downstream intra-entity fixed asset transfers across affiliated entities. Check my work