(Learning Objective 3: Consolidating a wholly owned subsidiary) Assume Ronny, Inc., paid €346,000 to acquire all the share capital of Dinette Corporation, and Dinette owes Ronny €192,000 on a note payable. Immediately after the purchase on September 30, 2010, the two companies’ balance sheets follow.

■ spreadsheet

❙ Requirement 1. Prepare the worksheet for the consolidated balance sheet of Ronny, Inc.