On January $1,2019,$ Aronsen Company acquired $90$ percent of Sledel Company's outstanding shares. Sledel had a net book value on that date of $$504,300$ : common stock $($ $$10$ par value$)$ of $$207,500$ and retained earnings of $$296,800.$

Aronsen pald $$600,300$ for thls investment. The acquisition$-$date falr value of the $10$ percent noncontrolling interest was $$66,700.$ The excess fair value over book value assoclated wth the acquisition was used to increase land by $$82,220$ and to recognize copyrights $(16-$year remaining life$)$ at $$80,480.$ Subsequent to the acquisition, Aronsen applied the Initial value method to its investment account

In the $2019-2020$ perlod, the subsidlary's retained earnings increased by $$100,600.$ During $2021.$ Sledel earned income of $$81,500$ while declaring $$20,300$ in dividends. Also, at the beginning of $2021,$ Sledel issued $4,150$ new shares of common stock for $$38$ per share to finance the expansion of its corporate facilitles. Aronsen purchased none of these additional shares and therefore recorded no entry.

Prepare the appropriate $2021$ consolidation entrles for these two companles. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Prepare entry ${?}^{**}C$ to convert to the equity method.

$2$ Prepare Entry $Cl$ to record the adjustment for the subsidiary stock transaction.

$3$ Prepare Entry $5$ to eliminate the subsidiary accounts.

Prepare Entry A to record the allocation for fair value.

Prepare Entry I to account for the income accrual.

Prepare Entry E to recognize the current year amortization.

Note : $=$ joumal entry has been entered