On January $1,2022,$ Aronsen Company acquired $90$ percent of Siedel Company's outstanding shares. Siedel had a net book value on that date of $$500,000$ : common stock $($ $$10$ par value$)$ of $$300,000$ and retained earnings of $$200,000.$

Aronsen paid $$766,800$ for this investment. The acquisition$-$date fair value of the $10$ percent noncontrolling interest was $$85,200.$ The excess fair value over book value associated with the acquisition was used to increase land by $$304,000$ and to recognize copyrights $(16-$year remaining life$)$ at $$48,000.$ Subsequent to the acquisition, Aronsen applied the initial value method to its investment account.

In the $2022-2023$ period, the subsidiary's retained earnings increased by $$100,000.$ During $2024,$ Siedel earned income of $$103,000$ while declaring $$43,000$ in dividends. Also, at the beginning of $2024,$ Siedel issued $15,000$ new shares of common stock for $$32$ per share to finance the expansion of its corporate facilities. Aronsen purchased none of these additional shares and therefore recorded no entry.

Required:

Prepare the appropriate $2024$ consolidation entries for these two companies.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$\backslash$table$[[,$No$,$Transaction,Accounts,Debit,Credit$],[i,1,$Entry ${?}^{**}C,$Investment in Siedel,$84,600,],[,,$Retained earnings $($Aronsen$),,182,700],[-,2,$Entry C$1,$Investment in Siedel,,$],[,,$Additional paid$-$in capital $($Aronsen$),,],[i,3,$Entry S$,$Common stock $($Siedel$),,],[,,$Additional paid$-$in capital $($Siedel$),,],[,,$Retained earnings $($Siedel$),,],[,,$Investment in Siedel,,$],[,,$Noncontrolling interest in Siedel,,$],[,,,,]]$

Answer is not complete.

$\backslash$table$[[$No$,$Transaction,Accounts,,Debit,Credit$],[1,$Entry ${?}^{**}C,$Investment in Siedel,$,84,600,],[,$Retained earnings $($Aronsen$),*,,182,700$