Assume Jackson, Inc., paid $351,000 to acquire all the common stock of Aiello Corporation, and Aiello owes Jackson $168,000 on a note payable. Immediately after the purchase on September 30, 2012, the two companies€™ balance sheets follow.

Requirement
Prepare the work sheet for the consolidated balance sheet of Jackson, Inc. Use Exhibit 8-7 as amodel.

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9 Accounts receivable, net Note receivable from Aiello... Investment in Aiello Plant assets, net Liabilities and Stockholders' Equity Accounts payable Notes payable Other liabilities 0