Kracker Barrell paid $16,200 for a 90% interest in Savory on January 1, 2021, when Savory stockholders' equity consisted of $10,000 Capital Stock and $3,000 of Retained Earnings. The excess cost over book value was attributable to goodwill. Assume proportional pricing for the NCI.

Additional information:

1. Kracker Barrell sells merchandise to Savory at 120% of Kracker Barrell's cost. During 2021, Kracker Barrell's sales to Savory were $4,800, of which half of the merchandise remained in Savory's inventory at December 31, 2021 (The 2021 ending inventory was sold in 2022.)

During 2022, Kracker Barrell's sales to Savory were $6,000 of which 60% remained in Savory's inventory at December 31, 2022. At year-end 2022, Savory owes Kracker Barrell $1,500 for the inventory purchased during 2022.

2. Kracker Barrell sold equipment with a book value of $2,000 and a remaining useful life of four years and no salvage value to Savory on January 1, 2022, for $2,800. Straight-line depreciation is used.

3. During, 2022, Savory sold to Kracker Barrell land for $50,000 that had a book value of $20,000. Kracker Barrell still owns the land at 12/31/22.

4. Separate company financial statements for Kracker Barrell Corporation and Subsidiary at December 31, 2018 are summarized in the first two columns of the consolidation working papers. See Spreadsheet Tab.

a. Prepare the acquisition analysis as of the acquisition date. Compute the unamortized differential as of 1/1/2021

b.Analyze each intercompany transaction. Label as either upstream or downstream

c. calculate Net income to the controlling interest for the year 2022

d. Verify the calculation of the balance in the account equity in sub earnings and record the parent company entries with respect to its investment during 2022.

e. prepare all elimination entries for 2022

f. complete the consolidating spreadsheet for the year ended December 31,2022.