Please show work notes, thank you & stay safe!

Exercise 5-4 On January 1, 2015, Porter Company purchased an 80% interest in Salem Company for $256,500. On this date, Salem Company had common stock of $206,700 and retained earnings of $128,300. An examination of Salem Company's balance sheet revealed the following comparisons between book and fair values: Inventory Other current assets Equipment Land Book Value Fair Value $30,500 $35,500 49,500 55,500 299,000 349,600 197,700 197,700 Determine the amounts that should be allocated to Salem Company's assets on the consolidated financial statements workpaper on January 1, 2015. Parent Share Non- Controlling Share Entire Value Purchase Price and Implied Value Less V Book Value of Equity Acquired $ $