The question is Q5, the context includes in Q1&Q2. Please show your work. Thx.

Q1. Parent Company Entries Percy Company purchased 75% of the outstanding voting shares of Song Company at the beginning of 2019 for $375,000. At the time of purchase, Song Company's total stockholders' equity amounted to $400,000. Income and dividend distributions for Song Company from 2019 through 2021 are as follows: 2020 2021 2019 $60,000 -50,000 35,000 Net income (loss) Dividend distribution 20,000 25,000 30,000 Q2. Workpaper Eliminating Entries, Cost Method Assume the same as Q1, except the following: The half of difference between book value of equity acquired and the value implied by the purchase price was attributed solely to goodwill. Also, Song company's equity is following on 1/1/2019. Common stock $20,000 Other contributed capital 280,000 Retained earnings 100,000 Total 400,000 Q5. Workpaper Eliminating Entries, Equity Method Assume the same as Q1 and Q2. Prepare the Percy's eliminating entry in 2020 assuming Percy uses equity method. Show work and describe the entry