Please answer the following question and show your work

On December 31. mm, Puzzle Corporation acquired 90 percent of Sunday lnc.'s common stock for $864,000. At that date, the fair value of the noncontrolling interest was $96,000. 01' the $240,000 differential, $5,000 related to the increased value of Sunday's inventory; $35,000 related to the increased value of its land, $50,000 related to the increased value of its equipment, and $50,000 was associated with a change in the value of its notes payable due to increasing interest rates. Sunday's equipment had a remaining life of 15 years from the date of combination. Sunday sold all inventory it held at the end of 20x4 during 20x5; the land to which the differential related also was sold during the year for a large gain. The amortization of the differential relating to Sunday's notes payable was $7.500 for 20X5. At the date of combination, Puzzle reported retained earnings of $120,000, common stock outstanding of $500,000, and premium on common stock of $100,000. For the year 2035, it reported net income of $150,000 but paid no dividends. Puzzle accounts for its investment in Sunday using the equity method. Required: a. Present all entries that Puzzle would have recorded during 20x5 with respect to its investment in Sunday. {If no entry is required for a transactiom'event, select \"No journal entry recluired'l in the rst account eld.) View transaction list 1viewI journal entry worksheet View transaction list View journal entry worksheet X A Record the initial investment in Sunday Inc. B Record Puzzle Corp.'s 90% share of Sunday Inc.'s 20X5 income. Record the amortization of the excess acquisition price. Mata . A - isuenal astru har haas antamadb. Present all consolidation entries that would have been included in the worksheet to prepare a full set of consolidated financial statements for the year 20X5. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list transaction list X Debit Credit 500,000 120,000 A Record the basic consolidation entry. 100,000 15,000 B Record the amortized excess value reclassification entry. 72,000 C Record the excess value (differential) reclassification entry