2. Prepare the simple equity method entries that Talbot Company would make during 2015 to record its investment in Lego Company. 3. Prepare the eliminations that would be made on the December 31,...

2. Prepare the simple equity method entries that Talbot Company would make during 2015 to record its investment in Lego Company.

3. Prepare the eliminations that would be made on the December 31, 2015, consolidated worksheet. (Assume the use of the simple equity method.) Prepare a determination and distribution of excess schedule to support the elimination.