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During the third quarter of $2020,$ the principal owner of Spartan, Jeffrey Dulow decided to invest in Trojan. Trojan is a computer manufacturer and Dulow$$s investment was $490,000$ USD and will represent a $70\%$ ownership stake in Trojan. Now that Dulow has a controlling interest in two entities he has decided to call his consolidated firm The Iliad. Spartan will be the parent entity who will invest in Trojan, the consolidated financials will be reported as The Iliad in name only. Unfortunately, Dulow$$s regular accountant EAZY Tax Inc was indicted on tax evasion for helping Albert Anastasia willingly under report his income. Dulow has hired you to finish the work which was previously started, on problem page $2$ worksheet, EAZY has prepared the journal entries, Dulow needs you to explain them to him. Secondly, he will need you to prepare the consolidated worksheet problem page $1$ worksheet labeling the eliminations with the font color coordination or letter identification noted by EAZY. Lastly, since he now has other investors to deal with from the Trojan investment, he must present the financial statements in good form so he needs you to prepare them problem page $3$ worksheet. He is willing to pay top dollar for a quick turnaround on this request preferably within $24$ hours.

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