just need help with d

d. Prepare the worksheet journal entries that would be used to prepare the consolidated balance sheet as of December 31,2021 . Each journal entry should be labelled either by a letter or number to cross reference on the worksheet. Provide a short description for each journal entry. ( 5 points) On January 1, 2020McDavid Company (McDavid) acquired a 60% interest in the common stock of Stacey Inc. (Stacey) for $372,000. Stacey's book value on that date consisted of common stock of $100,000 and retained earnings of $220,000. Also, the acquisition date fair value of the 40% noncontrolling interest $248,000. The subsidiary held patents (with a 10 year remaining life) that were undervalued within the company's accounting records by $70,000 and an unrecorded customer list ( 15 year remaining life) assessed at a $45,000 fair value. Any remaining excess acquisition date fair value was assigned to goodwill. Since acquisition, McDavid has applied the equity method to its "Investment in Stacey" account and no goodwill impairment has occurred. At year end, there are no intra-entity payables or receivables. The intra-entity inventory sales between the two companies have been made as follows: McDavid defers 100% of its downstream intra-entity profits in the year of the sale. The individual financial statements for these two companies as of December 31,2021 and the year then ended follow