On January 1,2018,Vacker Co Required:
If the Equity Method Had Been Applied by Vacker

Essay

On January 1,2018,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:
On December 31,2020,Vacker owed $30,800 to Carper.There have been no changes in Carper's common stock account since the acquisition.
$\begin{array}{llr}&\text { Net } & \text { Dividends } \\&\text { Income } & \text { Paid }\\2018& \$105,000 &\$54,600\\2019&134,400 &61,600\\2020&154,000&84,000\\\end{array}$

Required:
If the equity method had been applied by Vacker for this acquisition,what were the consolidation entries needed as of December 31,2020?