pleas

e only do part c I already did A and B myself

Prime Corporation acquired 100 percent ownership of Steak Products Company on January 1,201, for $300,000. On that date, Steak reported retained earnings of $90,000 and had $120,000 of common stock outstanding. Prime has used the equity-method in accounting for its investment in Steak. The trial balances for the two companles on December 31,205, appear below: Additlonal Informatlon: 1. On the date of combination (five years ago), the fair value of Steak's depreciable assets was $90,000 more than the book value. Accumulated depreclation at that date was $10,000. The differentlal assigned to depreclable assets should be written off over the following 10 -year perlod. 2. There was $30,000 of Intercorporate recelvables and payables at the end of 205. Required: a. Prepare all journal entries that Prime recorded during 205 related to its Investment In Steak. b. Prepare all consolidating entrles needed to prepare consolidated statements for 205. c. Prepare a three-part worksheet as of December 31,205. Prepare a three-part worksheet as of December 31,205. Note: 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 columi of the worksheet