Ben Silver Corp. paid \(\$ 266,000\) to acquire all the common stock of Massada, Inc., and Massada owes Ben Silver \(\$ 81,000\) on a note payable. Immediately after the purchase on June 30, 19X3, the two companies' balance sheets were as follows:

\section*{Required}
1. Prepare a consolidation work sheet.
2. Prepare the consolidated balance sheet on June 30, 19X3. Show total assets, total liabilities, and total stockholders' equity. It is not necessary to classify assets and liabilities as current and long-term.

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Cash........... Assets Accounts receivable, net.. Note receivable from Massada. Inventory Investment in Massada.. Plant assets, net. Total....... Liabilities and Stockholders' Equity Accounts payable........... Notes payable... Other liabilities... Common stock........ Retained earnings.. Total Ben Silver Corp. $ 24,000 Massada, Inc. $ 20,000 91,000 42,000 81,000 145,000 214,000 266,000 178,000 219,000 $785,000 $495,000 149,000 $ 57,000 $ 49,000 177,000 129,000 31,000 274,000 118,000 148,000 148,000 $785,000 $495,000