On january 1, 2013, vacker co. acquired 70% of carper inc. by paying $650,000. this included a $20,000 control premium. carper reported common stock on that date of $420,000 with retained earnings of $252,000. a building was undervalued in the company's financial records by $28,000. this building had a ten-year remaining life. copyrights of $80,000 were to be recognized and amortized over 20 years.
carper earned income and paid cash dividends as follows:

net income dividends paid
2013 105,000 54,600
2014 134,400 61,600
2015 154,000 84,000

on december 31, 2015, vacker owed $30,800 to carper. there have been no changes in carper's common stock account since the acquisition.

required:

if the equity method had been applied by vacker for this acquisition, what were the consolidation entries needed as of december 31, 2015?

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