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Powder Company spent $240,000 to acquire all of Sawmill Corporation's stock on January 1,202. On December 31,204, the tria balances of the two companies were as follows: Sawmill Corporation reported retained earnings of $100,000 at the date of acquisition. The difference between the acquisition pric and underlying book value is assigned to buildings and equipment with a remaining economic life of 10 years from the date of acquisition. Sawmill's accumulated depreciation on the acquisition date was $25,000. At December 31,204, Sawmill owed Powde $2,500. - Prepare a three-part consolidation worksheet as of December 31, 20X4. (I am needing assistance with everything in yellow, thank you!) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|c|}{ POWDER COMPANY AND SUBSIDIARY } \\ \hline \multicolumn{11}{|c|}{ Consolidated Balance Sheet Worksheet } \\ \hline \multicolumn{11}{|c|}{ December 31,204} \\ \hline & \multirow{2}{*}{\multicolumn{2}{|c|}{PowderCompany}} & \multirow{2}{*}{\multicolumn{2}{|c|}{SawmillCorporation}} & \multicolumn{4}{|c|}{ Consolidation Entries } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Consolidated }} \\ \hline & & & & & & Debit & & redit & & \\ \hline \multicolumn{11}{|l|}{ Income Statement } \\ \hline Service revenue & $ & 610,000 & $ & 240,000 & & & & & $ & 850,000 \\ \hline Less: Cost of services & & (470,000) & & (130,000) & & & & & & (600,000) \\ \hline Less: Depreciation expense & & (35,000) & & (18,000) & & 4,000 & & & & (57,000) \\ \hline Less: Other expenses & & (57,000) & & (60,000) & & & & & & (117,000) \\ \hline Income from Sawmill Corporation & & 28,000 & & 0 & & 32,000 & & 4,000 & & 0 \\ \hline Net Income & $ & 76,000 & $ & 32,000 & $ & 36,000 & $ & 4,000 & $ & 76,000 \\ \hline \multicolumn{11}{|l|}{ Statement of Retained Earnings } \\ \hline Beginning balance & $ & 292,000 & $ & 120,000 & $ & 120,000 & & & $ & 292,000 \\ \hline Net Income & & 76,000 & & 32,000 & & 36,000 & & 4,000 & & 76,000 \\ \hline Less: Dividends declared & & (30,000) & & 120,000 & & & & 12,000 & & 102,000 \\ \hline Ending Balance & $ & 338,000 & $ & 272,000 & $ & 156,000 & $ & 16,000 & $ & 470,000 \\ \hline \multicolumn{11}{|l|}{ Assets } \\ \hline Cash & $ & 74,000 & $ & 42,000 & & & & & $ & 116,000 \\ \hline Accounts receivable & & 130,000 & & 53,000 & & & & 2,500 & & 180,500 \\ \hline Land & & 60,000 & & 50,000 & & & & & & 110,000 \\ \hline Buildings and equipment & & 50,000 & & 350,000 & & 40,000 & & & & 440,000 \\ \hline Less: Accumulated depreciation & & (265,000) & & (93,000) & & & & 12,000 & & (370,000) \\ \hline Investment in Sawmill Corporation & & 268,000 & & 0 & & & & 268,000 & & 0 \\ \hline Total Assets & $ & 317,000 & $ & 402,000 & $ & 40,000 & $ & 282,500 & $ & 476,500 \\ \hline Liabilities and Stockholders' Equity & & & & & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Accounts payable & $ & 71,000 & $ & 17,000 & $ & 2,500 & & & $ & 85,500 \\ \hline Taxes payable & & 58,000 & & 60,000 & & & & & & 118,000 \\ \hline Notes payable & & 100,000 & & 85,000 & & & & & & 185,000 \\ \hline Common stock & & 200,000 & & 100,000 & & 100,000 & & & & 200,000 \\ \hline Retained earnings & & 338,000 & & 272,000 & & 156,000 & & 16,000 & & 470,000 \\ \hline Total Liabilities and Equity & $ & 767,000 & $ & 534,000 & $ & 258,500 & $ & 16,000 & $ & 1,058,500 \\ \hline \end{tabular}