Please solve this problem and create a table with the answers exactly like the photo I included from Excel.

Jones Company purchased $100\%$ of the outstanding stock of Kent, Inc., on January $1,2024,$ for a purchase price of $$1,400,000.$ At the acquisition date, Kent's book value consisted of common stock of $$560,000$ and retained earnings of $$440,000.$ Jones attributed the cost over book to a patent with an estimated $20-$year remaining useful life. Jones uses the equity method to account for its investment in Kent.

During the next two years, Kent reported the following:

$\backslash$table$[[$Year$,$Income,Dividends Declared,$\backslash$table$[[$Inventory Transfers to$],[$Jones at Transfer Price$]]],[2024,$$$160,000,$$$50,000,$$$260,000$