(Learning Objective 3: Consolidating a wholly owned subsidiary) Assume Rose, Inc., paid $453,000 to acquire all the share capital of Mountain Corporation, and Mountain owes Rose $175,000 on a note payable. Immediately after the purchase on September 30, 20X6, the two companies’ balance sheets follow.

■ spreadsheet

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