May I please get some help with this?

I just updated everything needed alongside the questions with the information and the things need to be done, so I dont know.

mit in HU 1111111 Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc purchased on December 31, 20x1 for $2160,000 At the date of acquisition Sword reported common stock with a par value of $940,000, additional pald-in capital of $1.290,000, and retained earnings of $540,000. The fair value of the noncontrolling interest at acquisition was 5720.000. The differential at acquisition was attributable to the following items Inventory (sold in 2862) Land Goodwill Total Differential 5 27,500 38.5ee 44.ee $110,00 og plotor and that it had purchased several years before to Sword at again of $15,400; 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 baste; Sword pays Prince a fixed fee of $87,000 per year for these services Ar December 31, 20XB, Sword owed Prince $21.750 as the final 20x8 quarterly payment under the contract On January 2, 20XB, 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 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 Return to question At December 31, 20X8. trial balances for Prince and Sword appeared as follows Sword Distributors Inc. Debit Credit $ 52,eee 188, 400 233,900 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 Prince Corporation Debit Credit $ 64, 7ee 120, 800 383, eee 2,839, 475 415,000 2,452,800 2,178,000 195,000 1,371, ene 47, eee $1,886,000 85,200 868,eee 94, Bee 1,266,000 1,465,800 4,889,725 99.ee 1,207,000 3,060,000 524,000 77,600 221,000 17,000 $415, eee 372,300 166, Bee 940, eee 1,290,000 1,340,000 987,000 30.000 967, Sales Other Income or loss Income from Sword Distributors Total 4,889,725 99,000 128,250 9,983,975 30,000 $9,983,975 $5,530, 300 $5,530,3 As of December 31, 20x8, 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 Required: a. Compute the amount of the differential as of January 1, 20x8. Answer is complete and correct. Romaining dioranta S 82.500 b. Verify the balance in Prince's Investment in Sword Distributors account as of December 31, 20X8. Return to question Answer is complete but not entirely correct. Balance in Investment in Sword Account IS 1.458,000 c. Present all consolidation entries that would appear in a three-part consolidation worksheets of December 31, 20x8 tit no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) Answer is not complete. Debit No Accounts Credit Event d. Prepare and complete a three-part worksheet for the preparation of consolidated financial statements for 20x8 (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet) Answer is not complete Prince CORPORATION AND SUBSIDIARY Consolidated Financial Statement Worksheet December 31, 20x8 Consolidation Entries Prince Sword DR CR Corp Consolidated Dit Income Statement Salos Other income (s) 0 0 0 0 0 0 0 0 0 Less: COGS Less: Depreciation & amort. expense Less: Other expenses Income from Sword Dist. Consolidated not income NCI in net income Controlling Interest in NI Statement of Retained Earnings Beginning balance Net income Less: Dividends declared Ending Balance Balance Sheet Cash Current receivables Inventory Land 0 0 0 0 Prince Corporation holds 75 percent of the common stock of Sword Distributors inc. purchased on December 31, 20x1, for $2,160,000 At the date of acquisition, Sword reported common stock with a par value of $940,000 additional pald-in capital of $1.290,000, and retained earnings of $540,000. The fair value of the noncontrolling interest at acquisition was $720.000 The differential at acquisition was attributable to the following items Inventory (sold in 2x2) Land Goodwill Total Differential $ 27,500 38,500 44,000 $110.000 During 20x2, Prince sold a plot of land that it had purchased several years before to Sword at a gain of $15,400, 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 $87,000 per year for these services At December 31, 20x8 Sword owed Prince $21750 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 At December 31, 20X8. trial balances for Prince and Sword appeared as follows Khat The 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 At December 31, 20x8, trial balances for Prince and Sword appeared as follows: Prince Corporation Sword Distributors Inc. Item Debit Credit Debat Credit Cash $ 54,700 $ 52,000 Current Receivables 120,800 188,460 Inventory 303,000 233,900 Investeent in Sword Distributors 2,839,475 Land 415.000 1,207.000 Buildings & Equipment 2.450,000 3,060,000 Cost of Goods Sold 2,178,000 524,000 Depreciation Amortization 195.000 77, Other Expenses 1,371,000 221,000 Dividends Declared 47.000 17.00 Accumulated Depreciation $1.085, eee 415.000 Current Payables 85,200 372,300 Bonds Payable 868, eee 186.000 Common Stock 94,000 940,000 Additional Paid-in Capital 1,266,000 2,290,000 Retained Earnings, January 1 1,466,800 1,340.ee Sales 4,859,725 957.000 Other Incos or loss 99,000 3a.ee Income from Sword Distributors 128,250 Return to question Retained Earnings, January 1 Sales Other Incone or Loss Income from Sword Distributors Total 987,00 1,466,30 4,589,725 99, eee 123,250 $9,983,975 30,000 59,983,975 55,530,3 55,55, As of December 31, 20X8, Sword had declared but not yet paid its fourth quarter dividend of 55,000. Both companies use straight-line depreciation and amortization Prince uses the fully adjusted equity method to account for its investment in Sword Required: a. Compute the amount of the differential as of January 1, 20x8 Answer is complete and correct. Remaining det S 82.500 Return to question b. Verify the balance in Prince's Investment in Sword Distributors account as of December 31, 20x8 Answer is complete but not entirely correct. Balance in Investment in Sword Account 1458.000 3 c Present all consolidation entries that would appear in a three part consolidation worksheet as of December 31, 20x8 of no entry is required for a transaction/event, select "No journal entry required" In the first account field. Round your answers to nearest whole dollar amount.) Answer is not complete. No Credit Event Accounts c. Present all consolidation entries that would appear in a three-part consolidation worksheet as of December 31, 20x8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) Answer is not complete. No Event Accounts Debit Credit Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc., purchased on December 31, 20X1. for $2.160,000 At the date of acquisition, Sword reported common stock with a par value of $940,000, additional pald-in capital of $1.290.000, and retained earnings of $540,000 The fair value of the noncontrolling interest at acquisition was 5720.000 The differential at acquisition was attributable to the following items. Inventory (sold in 20x2) Land Goodwill Total differential $ 27,50 38,500 44,000 $110.000 During 20x2, Prince sold a plot of land that it had purchased several years before to Sword at again of $15,400; Sword continues to hold the land in 2006 Prince and Sword entered into a five-year contact under which Prince provides management consulting services to Sword on a continuing basis Sword pays Prince a fixed fee of $87,000 per year for these services At December 31, 20x8 Sword owed Prince $21,750 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 nad 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 At December 31, 20X8. trial balances for Prince and Sword appeared as follows: At December 31, 20X8. trial balances for Prince and Sword appeared as follows: Sword Distributors Inc Debit Credit $ 52,800 188, 400 233,900 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 $ 64,700 120,800 303,00 2,839,475 415,000 2,450,eee 2,178,000 195,000 1,371,000 47,000 $1,036,000 86,200 868,000 94,000 1,266,000 1,466,800 4,889,725 99,000 128.250 $9,983,975 $9,983,975 1,207,600 3,060,000 524.ee 27.000 221,000 17.000 $415,000 372,300 186,000 940,000 1,290,000 1,340,000 987.000 30,000 $5,532,300 55,532,30 As of December 31, 20X8, 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 Required: a compute the amount of the differential as of January 1, 20x8. Romaining ditforentini $ 82,500 b. Verify the balance in Prince's Investment in Sword Distributors account as of December 31, 20x8 $ 1.458,000 Balonce in martin Sword Account c. Present all consolidation entries that would appear in a three-part consolidation worksheet as of December 31, 20x8. Of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) view transaction list Consolidation Worksheet Entries Present all consolidation entries that would appear in a three-part consolidation worksheet as of December 31, 20x8 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) View transaction ist Consolidation Worksheet Entries d. Prepare and complete a three-part worksheet for the preparation of consolidated financial statements for 20x8 (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet) Answer is not complete Prince CORPORATION AND SUBSIDIARY Consolidated Financial Statement Worksheet December 31, 20x8 Consolidation Entries Prince Sword DR CR Corp Consolidated Dit Income Statement Salos Other income (s) 0 0 0 0 0 0 0 0 0 Less: COGS Less: Depreciation & amort. expense Less: Other expenses Income from Sword Dist. Consolidated not income NCI in net income Controlling Interest in NI Statement of Retained Earnings Beginning balance Net income Less: Dividends declared Ending Balance Balance Sheet Cash Current receivables Inventory Land 0 0 0 0 Prince Corporation holds 75 percent of the common stock of Sword Distributors inc. purchased on December 31, 20x1, for $2,160,000 At the date of acquisition, Sword reported common stock with a par value of $940,000 additional pald-in capital of $1.290,000, and retained earnings of $540,000. The fair value of the noncontrolling interest at acquisition was $720.000 The differential at acquisition was attributable to the following items Inventory (sold in 2x2) Land Goodwill Total Differential $ 27,500 38,500 44,000 $110.000 During 20x2, Prince sold a plot of land that it had purchased several years before to Sword at a gain of $15,400, 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 $87,000 per year for these services At December 31, 20x8 Sword owed Prince $21750 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 At December 31, 20X8. trial balances for Prince and Sword appeared as follows Khat The 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 At December 31, 20x8, trial balances for Prince and Sword appeared as follows: Prince Corporation Sword Distributors Inc. Item Debit Credit Debat Credit Cash $ 54,700 $ 52,000 Current Receivables 120,800 188,460 Inventory 303,000 233,900 Investeent in Sword Distributors 2,839,475 Land 415.000 1,207.000 Buildings & Equipment 2.450,000 3,060,000 Cost of Goods Sold 2,178,000 524,000 Depreciation Amortization 195.000 77, Other Expenses 1,371,000 221,000 Dividends Declared 47.000 17.00 Accumulated Depreciation $1.085, eee 415.000 Current Payables 85,200 372,300 Bonds Payable 868, eee 186.000 Common Stock 94,000 940,000 Additional Paid-in Capital 1,266,000 2,290,000 Retained Earnings, January 1 1,466,800 1,340.ee Sales 4,859,725 957.000 Other Incos or loss 99,000 3a.ee Income from Sword Distributors 128,250 Return to question Retained Earnings, January 1 Sales Other Incone or Loss Income from Sword Distributors Total 987,00 1,466,30 4,589,725 99, eee 123,250 $9,983,975 30,000 59,983,975 55,530,3 55,55, As of December 31, 20X8, Sword had declared but not yet paid its fourth quarter dividend of 55,000. Both companies use straight-line depreciation and amortization Prince uses the fully adjusted equity method to account for its investment in Sword Required: a. Compute the amount of the differential as of January 1, 20x8 Answer is complete and correct. Remaining det S 82.500 Return to question b. Verify the balance in Prince's Investment in Sword Distributors account as of December 31, 20x8 Answer is complete but not entirely correct. Balance in Investment in Sword Account 1458.000 3 c Present all consolidation entries that would appear in a three part consolidation worksheet as of December 31, 20x8 of no entry is required for a transaction/event, select "No journal entry required" In the first account field. Round your answers to nearest whole dollar amount.) Answer is not complete. No Credit Event Accounts c. Present all consolidation entries that would appear in a three-part consolidation worksheet as of December 31, 20x8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) Answer is not complete. No Event Accounts Debit Credit Prince Corporation holds 75 percent of the common stock of Sword Distributors Inc., purchased on December 31, 20X1. for $2.160,000 At the date of acquisition, Sword reported common stock with a par value of $940,000, additional pald-in capital of $1.290.000, and retained earnings of $540,000 The fair value of the noncontrolling interest at acquisition was 5720.000 The differential at acquisition was attributable to the following items. Inventory (sold in 20x2) Land Goodwill Total differential $ 27,50 38,500 44,000 $110.000 During 20x2, Prince sold a plot of land that it had purchased several years before to Sword at again of $15,400; Sword continues to hold the land in 2006 Prince and Sword entered into a five-year contact under which Prince provides management consulting services to Sword on a continuing basis Sword pays Prince a fixed fee of $87,000 per year for these services At December 31, 20x8 Sword owed Prince $21,750 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 nad 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 At December 31, 20X8. trial balances for Prince and Sword appeared as follows: At December 31, 20X8. trial balances for Prince and Sword appeared as follows: Sword Distributors Inc Debit Credit $ 52,800 188, 400 233,900 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 $ 64,700 120,800 303,00 2,839,475 415,000 2,450,eee 2,178,000 195,000 1,371,000 47,000 $1,036,000 86,200 868,000 94,000 1,266,000 1,466,800 4,889,725 99,000 128.250 $9,983,975 $9,983,975 1,207,600 3,060,000 524.ee 27.000 221,000 17.000 $415,000 372,300 186,000 940,000 1,290,000 1,340,000 987.000 30,000 $5,532,300 55,532,30 As of December 31, 20X8, 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 Required: a compute the amount of the differential as of January 1, 20x8. Romaining ditforentini $ 82,500 b. Verify the balance in Prince's Investment in Sword Distributors account as of December 31, 20x8 $ 1.458,000 Balonce in martin Sword Account c. Present all consolidation entries that would appear in a three-part consolidation worksheet as of December 31, 20x8. Of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) view transaction list Consolidation Worksheet Entries Present all consolidation entries that would appear in a three-part consolidation worksheet as of December 31, 20x8 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar amount.) View transaction ist Consolidation Worksheet Entries