The condensed balance sheets of Companies R and S on December 31, 1979, are as follows

Additional information:
Company R owns 90 percent of the capital stock of Company S. The stock of Company S was acquired on January 1, 1978, when Company S's retained earnings amounted to \(\$ 20,000\).
Company \(\mathrm{R}\) has not recorded its share of the dividend declared by Company \(\mathrm{S}\).
Company \(\mathrm{R}\) holds a note issued by Company \(\mathrm{S}\) in the amount of \(\$ 8,200\).
Excess of cost over book value acquired is all attributable to goodwill, to be amortized over 40 years.
a Present adjustment and elimination journal entries for a consolidated work sheet.
b Prepare a work sheet for a consolidated balance sheet.

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ASSETS Cash Accounts and Notes Receivable Dividends Receivable Inventories Investment in Stock of Company S (cost) Plant Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts and Notes Payable Dividends Payable Other Liabilities. Capital Stock Capital Contributed in Excess of Stated Value Retained Earnings Total Liabilities and Stockholders' Equity Company R Company S $ 18,000 $ 13,000 90,000 25,000 220,000 125,000 300,000 300,000 212,000 $928,000 $375,000 $ 55,000 - 143,000 $ 17,000 12,500 11,000 600,000 250,000 - 50,000 130,000 34,500 $928,000 $375,000