3. Parent, Inc. Company purchased all the shares of Subsidiary Company for $250 million in cash. At the date of acquisition, the fair values of Subsidiary's reported net assets equal their carrying values, except its plant and equipment (net) has a fair value of $120 million, and previously unreported identifiable intangible assets, meeting ASC Topic 805 criteria for capitalization, total $100 million. The balance sheets of Parent, Inc. and Subsidiary just after the acquisition appear below. (in millions) Current assets Plant & equipment Accumulated depreciation Investment in Subsidiary Goodwill Liabilities Parent, Inc. Debit (Credit) Subsidiary Debit (Credit) $ 15 $ 6 460 (120) 250 200 (50) -- (300) 40 (140) Capital stock (150) (20) Retained earnings Total (155) (36) $ 0 $ 0 the date of acquisition. prepare a working paper to consolidate Parent, Inc. and Subsidiary at