please help me understand this example. explain with detail please

100% Proceed Company acquired of the common stock of Stop Company on January 1, year one, for $600,000 On that date, Stop had the following trial balance: account debit credit Additional paid in capital $100,000 Building (12-year life) $250,000 Common stock 170,000 Current assets 180.000 Equipment (6-yr life) 160,000 Land 110,000 Liabilities (due in 4 years) 310,000 Retained earnings 1/year 1 120,000 nnect Totals $700,000 $700.000 $50,000 $30,000 $80,000 $40,000 During year one, Stop reported net income of During year one, Stop paid dividends of During year two, Stop reported net income of During year two, Stop paid dividends of On January 1, year one fair values of some Stop's accounts were: Land $122.000 Building $262,000 Equipment $172,000 There was no impairment of any goodwill arising from the acquisition Please indicate clearly which method (Equity, Partial Equity, or initial Value) you choose for Proceed to use to account for its acquisition of Stop Company Part A. Use the data for the Proceed Company acquisition of the Stop Company to prepare the consolidation worksheet entries (such as consolidation entry S.A.) for December 31 of year one Part B. Use the data for the Proceed Company acquisition of the Stop Company to prepare the consolidation worksheet entries (such as consolidation entry S.A.) for December 31 of year two