How do you calculate the numbers in the journal entry to recordamortization of excess acquisition price?

Income from sawmill Corp $4,000

             Investment in Sawmill $4,000

Powder Company spent $240,000 to acquire all of SawmillCorporation's stock on January 1, 20X2. On December 31, 20X4, thetrial balances of the two companies were as follows:

	Powder Company									Sawmill Corporation
Item	Debit				Credit					Debit				Credit
Cash		$	74,000								$	42,000
Accounts Receivable			130,000									53,000
Land			60,000									50,000
Buildings & Equipment			500,000									350,000
Investment in Sawmill Corporation			268,000
Cost of Services Provided			470,000									130,000
Depreciation Expense			35,000									18,000
Other Expenses			57,000									60,000
Dividends Declared			30,000									12,000
Accumulated Depreciation						$	265,000								$	93,000
Accounts Payable							71,000									17,000
Taxes Payable							58,000									60,000
Notes Payable							100,000									85,000
Common Stock							200,000									100,000
Retained Earnings							292,000									120,000
Service Revenue							610,000									240,000
Income from Sawmill Corporation							28,000
		$	1,624,000			$	1,624,000				$	715,000			$	715,000

Sawmill Corporation reported retained earnings of $100,000 at thedate of acquisition. The difference between the acquisition priceand underlying book value is assigned to buildings and equipmentwith a remaining economic life of 10 years from the date ofacquisition. Sawmill's accumulated depreciation on the acquisitiondate was $25,000. At December 31, 20X4, Sawmill owed Powder$2,500.

Required:
a. Prepare the following journal entries recorded by Powder withregard to its investment in Sawmill during 20X4.