PLEASE HELP

On January $1,2023,$ Playtel Inc. acquired all of the stock of San Jose Cable for $$550$ million in cash. At the date of acquisition, San Jose's shareholders' equity accounts were as follows $($in thousands$)$:

Both companies have a December $31$ year$-$end. At the date of acquisition, San Jose's reported net assets had book values approximating fair value. However, it had previously unreported indefinite$-$life

identifiable intangibles valued at $$143$ million, meeting ASC Topic $805$ requirements for capitalization. Impairment losses in $2023$ for identifiable intangibles were $$1,100,000.$ Goodwill from this acquisition

was not impaired in $2023.$ San Jose reported net income of $$7\mathrm{.}0$ million in $2023,$ and paid no dividends. Playtel uses the complete equity method to report its investment in San Jose on its own books.

It is now December $31,2024,$ two years since the acquisition. In $2024,$ San Jose reported net income of $$6\mathrm{.}0$ million and declared and paid dividends of $$880,000.$ Impairment losses on the identifiable

intangibles were $$2\mathrm{.}2$ million, and goodwill was impaired by $$1,320,000.$

Note: Provide all answers in thousands.

a$.$ Calculate equity in net income of San Jose for $2024,$ reported on Playtel's books

$$|$

b$.$ Calculate the December $31,2024,$ investment balance, reported on Playtel's books.

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c$.$ Prepare eliminating entries $($C$),($E$),($R$),$ and $($O$),$ required to consolidate Playtel's trial balance accounts with those of San Jose on December $31,2024.$