Mill Corporation acquired 100 percent ownership of Roller Company on January 1, 20X8, for $128,000. At that date, the fair value of Roller€™s buildings and equipment was $20,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, Mill€™s management concluded at December 31, 20X8, that goodwill involved in its acquisition of Roller shares had been impaired and the correct carrying value was $2,500. No additional impairment occurred in 20X9. Trial balance data for Mill and Roller on December 31, 20X9, are as follows:

Required
a. Give all elimination entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9.
b. Prepare a three-part consolidation worksheet for 20X9 in good form.
c. Prepare a consolidated balance sheet, income statement, and retained earnings statement for20X9.

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Mill Corporation Roller Company Credit Credit Accounts Receivable Buildings & Equipment Investment in Roller Co. Stock Cost of Goods Sold Other Expenses 2 Accumulated Depreciation 5 2 2 Income from Subsidiary $1,040,000 $1,040,000 $429,000 $429,000