well this is my 2nd time posting this same question, and it was incorrect, please let me to do this correctly whatever shows wrong, i need it before 5pm. thanks!

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Can you give me an example like what type of info this question missing? I posted the same question on chegg before and someone did solve it with it however some of his/her answers was wrong. If they did it why can't you? If you don't know how to solve it then do not waste time on it, and I want a refund for it.

On January 1, 2020, Pinnacle Corporation exchanged $3,527,500 cash for 100 percent of the outstanding voting stock of Strata Corporation. On the acquisition date, Strata had the following balance sheet: $ Cash Accounts receivable Inventory Buildings (net) Licensing agreements Total assets $ 284.000 311,000 443,000 1,920,000 3,190,000 $ 6,148,000 Accounts payable Long-term debt Common stock Retained earnings 383,000 3,060,000 1,500,000 1,205,000 Total liabilities and equity 56,148,000 Pinnacle prepared the following fair-value allocation: Fair value of Strata (consideration transferred) Carrying amount acquired Excess fair value to buildings (undervalued) to licensing agreements (overvalued) to goodwill (indefinite lite) $ 3,527,500 2,705,000 $ 822,500 $ 480,000 (110,000) 370,000 452,500 At the acquisition date, Strata's buildings had a 10-year remaining life and its licensing agreements were due to expire in 5 years. On December 31, 2021, Strata's accounts payable included an $86,600 current liability owed to Pinnacle. Strata Corporation continues its separate legal existence as a wholly owned subsidiary of Pinnacle with independent accounting records. Pinnacle employs the initial value method in its internal accounting for its investment in Strata. The separate financial statements for the two companies for the year ending December 31, 2021, follow. Credit balances are indicated by parentheses. Pinnacle Strata 17 KA22179 The separate financial statements for the two companies for the year ending December 31, 2021, follow. Credit balances are indicated by parentheses. Sales Cost of goods sold Interest expense Depreciation expense Amortization expense Dividend income Net income Retained earnings 1/1/21 Net income Dividends declared Retained Earnings 12/31/21 Cash Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements Goodwill Total assets Accounts payable Long-term debt Common stock Retained earnings 12/31/21 Total Liabilities and Owner's equity Pinnacle Strata $ 17,683,000) $ (3,328,000) 4,940,000 1,835,000 338,000 207,000 630,000 448.000 638,000 (35,000) $(1,810,000) $ (200,000) $ (5,160,000) $ (1,560,000) (1.810,000) (200,000) 600,000 35,000 $ (6,370,000) $ (1,725,000) S 282,000 $ 547,000 1,255,000 305,000 1,295,000 1,565,000 3,527,500 6,060,000 2,084,000 1,914,000 408,000 $ 12,827,500 $ 6,415,000 $ (337,500) $ (950,000) (3,120,000) (2,240,000) (3,000,000) (1,500,000) (6,370,000) (1,725,000) $(12,827,500) $ (6,415,000) a. Prepare a worksheet to consolidate the financial information for these two companies. 9. Compute the following amounts that would appear on Pinnacle's 2021 separate (nonconsolidated) financial records if Pinnacle's mwen a. Prepare a worksheet to consolidate the financial information for these two companies. 5. Compute the following amounts that would appear on Pinnacle's 2021 separate (nonconsolidated) financial records if Pinnacle's Investment accounting was based on the equity method. Subsidiary income. Retained earings, 11/21. Investment in Strata c. What effect does the parent's internal investment accounting method have on its consolidated financial statements? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required c Prepare a worksheet to consolidate the financial information for these two companies. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Input all amounts as positive values.) Show less PINNACLE COMPANY AND SUBSIDIARY STRATA Consolidation Worksheet For Year December 31, 2021 Consolidation Entries Accounts Pinnacle Strata Debit Credit Consolidated Totals PINNACLE COMPANY AND SUBSIDIARY STRATA Consolidation Worksheet For Year December 31, 2021 Consolidation Entries Accounts Pinnacle Strata Debit Credit Sales Cost of goods sold Interest expense Depreciation expense Amortization expense Dividend income Net income $(7,683,000) 4,940,000 338,000 630,000 IS Consolidated Totals $ 11,011,000 6,775,000 545,000 1,126,000 616,000 $ (3,328,000) 1,835,000 207.000 448,000 638,000 48,000 22,000 35,000 (35,000) $(1.810,000) $ (200,000) $ (1,949,000) 1,560,000 129,000 X Retained oamings 1/1/21 Not income Dividends declared Retained eamings 12/31/21 (5,160,000) (1,810,000) 600,000 $(6,370,000) (1,560,000) (200,000) 35,000 $ (1.725,000) 35,000 0X (1,949,000) 400,000 $ (6,838,000) $ $ 547,000 305,000 1,565,000 86,600 282,000 1,255,000 1,295,000 3,527,500 6,060,000 Cash Accounts receivable Inventory Investment in Strata Buildings (not) Licensing agreements Goodwill 829,000 1,473,400 2,860,000 2,084,000 1,914,000 129,000 432,000 22.000 452,500 00% 3,656,500 48,000 88,000 8,528,000 1,848,000 860,500 $ 16,398,900 408,000 $ 12,827,500 Total assets $ 6,415,000 1,560,000 129,000 0 X Retained eamings 1/1/21 Net income Dividends declared Retained earnings 12/31/21 (5,160,000) (1,810,000) 600,000 $(6,370,000) (1,560,000) (200,000) 35,000 $ (1,725,000) 35,000 (1,949,000) 400,000 $ (6,838,000) $ $ 547,000 305,000 1,565,000 86,600 282,000 1,255,000 1,295,000 3,527,500 6,060,000 829,000 1,473,400 2,860,000 Cash Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements Goodwill Total assets 2,084,000 1,914,000 129,000 X 432,000 22,000 452,500 3,656,500 48,000 88,000 8,528,000 1,848,000 860,500 $ 16,398,900 408,000 $ 12,827,500 $ 6,415,000 86,600 Accounts payable Long-term debt Common stock - Pinnacle (337,500) (3,120,000) (3,000,000) (950,000) (2,240,000) (1,200,900) (5,360,000) (3,000,000) 1,500,000 Common stock - Strata Retained earings 12/31/21 Total Liabilities and Owner's Equity (6,370,000) (1,500,000) (1,725,000) $ (6,415,000) $ (6,838,000) $ 16,398,900 (12.827 500) $ 4,265,100 $ 4,065,100 Required B nethod have on its consolidated financial Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required c Compute the following amounts that would appear on Pinnacle's 2021 separate (nonconsolidated) financial records investment accounting was based on the equity method. (Input all amounts as positive values.) 2 Subsidiary income Retained earnings 1/1/21 Investment in Strata Amounts $ 174,000 $ 5,289,000 $ 3,795,500 3 On January 1, 2020, Pinnacle Corporation exchanged $3,527,500 cash for 100 percent of the outstanding voting stock of Strata Corporation. On the acquisition date, Strata had the following balance sheet: $ Accounts receivable Inventory Buildings (net) Licensing agreements Total assets $ 284,000 311,000 443,000 1,920,000 3,190,000 $ 6,148,000 Accounts payable Long-term debt Common stock Retained earnings 383,000 3,060,000 1,500,000 1,205,000 Total liabilities and equity 56,148,000 Pinnacle prepared the following fair-value allocation: Pair value of Strata (consideration transferred) Carrying amount acquired Excess fair value to buildings (undervalued) to licensing agreements (overvalued) to goodwill indefinite life) $ 3,527,500 2,705,000 $ 822,500 $ 480,000 (110,000) 370,000 452,500 At the acquisition date, Strata's buildings had a 10-year remaining life and its licensing agreements were due to expire in 5 years. On December 31, 2021, Strata's accounts payable included an $86,600 current liability owed to Pinnacle. Strata Corporation continues its separate legal existence as a wholly owned subsidiary of Pinnacle with independent accounting records. Pinnacle employs the initial value method in its internal accounting for its investment in Strata. The separate financial statements for the two companies for the year ending December 31, 2021, follow. Credit balances are indicated by parentheses. Pinnacle Strata 17.KA I2.17 Sales Cost of goods sold Interest expense Depreciation expense Amortization expense Dividend income Net income Retained earnings 1/1/21 Net income Dividends declared Retained Earnings 12/31/21 Cash Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements Goodwill Total assets Accounts payable Long-term debt Common stock Retained earnings 12/31/21 Total Liabilities and Owner's equity Pinnacle Strata $ (7,683,000) $ (3,328,000) 4,940,000 1,835,000 338,000 207,000 630,000 448,000 638,000 (35,000) $ (1,810,000) $ (200,000) $ (5,160,000) $ (1,560,000) (1,810,000) (200,000) 600,000 35,000 $ (6,370,000) $ (1,725,000) $ 282,000 547,000 1,255,000 305,000 1,295,000 1,565,000 3,527,500 6,060,000 2,084,000 1,914,000 408,000 $ 12,827,500 $ 6,415,000 $ (337,500) $ (950,000) (3,120,000) (2,240,000) (3,000,000) (1,500,000) (6,370,000) (1,725,000) $(12,827,500) $ (6,415,000) a. Prepare a worksheet to consolidate the financial information for these two companies. 5. Compute the following amounts that would appear on Pinnacle's 2021 separate (nonconsolidated) financ investment accounting was based on the equity method. Subsidiary income. Retained earninas. 1/1/21. 3. Prepare a worksheet to consolidate the financial information for these two companies. 5. Compute the following amounts that would appear on Pinnacle's 2021 separate (nonconsolidated) financial records if Pinnacle's investment accounting was based on the equity method. Subsidiary income. Retained earnings, 11/21. Investment in Strata. c. What effect does the parent's internal investment accounting method have on its consolidated financial statements? Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare a worksheet to consolidate the financial information for these two companies. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Input all amounts as positive values.) Show less PINNACLE COMPANY AND SUBSIDIARY STRATA Consolidation Worksheet For Year December 31, 2021 Consolidation Entries Accounts Pinnacle Strata Debit Credit Consolidated Totals Sales $ (7,683,000) $ (3,328,000) $ 11,011,000 Cost of goods sold 4,940,000 1,835,000 6,775,000 PINNACLE COMPANY AND SUBSIDIARY STRATA Consolidation Worksheet For Year December 31, 2021 Consolidation Entries Accounts Strata Debit Credit Sales Pinnacle $17.683,000) 4,940,000 338,000 630,000 $ (3,328,000) 1,835,000 207,000 448,000 638,000 Cost of goods sold Interest expense Depreciation expense Amortization expense Dividend income Net income Consolidated Totals $ 11,011.000 6,775,000 545,000 1,126,000 616,000 48,000 22.000 35,000 (35,000) $(1,810,000) $ (200,000) $ (1,949,000) 1,560,000 129,000 Retained earnings 1/1/21 Net income Dividends declared Retained earings 12/31/21 (5,160,000) (1.810,000) 600,000 $(6,370,000) (1,560,000) (200,000) 35,000 S (1,725,000) 0 (1,949,000) 400,000 $ (6,838,000) 35,000 Cash $ $ 547.000 305,000 1,565,000 86,600 282,000 1,255,000 1,295,000 3,527,500 6,060,000 829,000 1,473,400 2,860,000 Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements 2,084,000 1,914,000 129,000 432,000 22,000 3,656,500 48,000 88,000 8,528,000 1,848,000 Amortization expense 638,000 22,000 616,000 Dividend income 35,000 (35,000) $(1,810,000) Net income $ (200,000) $ (1,949,000) 1,560,000 129,000 0 X Retained earings 1/1/21 Net income Dividends declared Retained earnings 12/31/21 (5,160,000) (1.810,000) 600,000 $(6,370,000) (1,560,000) (200,000) 35,000 $ (1.725,000) 35,000 (1,949,000) 400,000 (6,838,000) $ s 547,000 305,000 1,565,000 86,600 282,000 1,255,000 1,295,000 3,527,500 6,060,000 829,000 1.473,400 2,860,000 Cash Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements Goodwill 2,084,000 1,914,000 129,000 432,000 22,000 452,500 XOS 3,656,500 48,000 88,000 408,000 $ 12,827,500 8,528,000 1,848,000 860,500 $ 16,398,900 Total assets $ 6,415,000 86,600 (337,500) (3,120,000) (3,000,000) (950,000) (2.240,000) Accounts payable Long-term debt Common stock - Pinnacle Common stock - Strata Retained eamings 12/31/21 Total Liabilities and Owner's Equity (1,200,900) (5,360,000) (3,000,000) 1,500,000 (6,370,000) (1,500,000) (1.725,000) $ (6,415,000) (6,838,000) $ 16,398,900 (12.827 500) $ 4,265,100 $ 4,065,100 JUUSTILUTC. Retained earnings, 1/1/21. Investment in Strata. c. What effect does the parent's internal investment accounting method have on its consolidated financial statements? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the following amounts that would appear on Pinnacle's 2021 separate (nonconsolidated) financial records if Pinnacle's investment accounting was based on the equity method. (Input all amounts as positive values.) Amounts Subsidiary income $ 174,000 2 Retained earnings $ 5,289,000 1/1/21 3 Investment in Strata $ 3,795,500 1