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Pot Incorporated acquired all Seed Incorporated's outstanding $28 par common stock on December 31,203, In exchange for 41,000 shares of its $28 par common stock. Pot's common stock closed at $57.50 per share on a national stock exchange on December 31. December 31. On December 31,204, after year-end adjustments and the closing of nominal accounts, the companles had condensed balance sheet accounts (below). Additional Information 1. Pot uses the equity-method of accounting for its investment in seed 2. On December 31,203, Seed's assets and llabilitles had fair values equal to the book balances with the exception of land. which had a fair value of $537,500. seed had no land transactlons in 204 3. On June 15,204, seed pald a cash dividend of $5 per share on its common stock 4. On December 10,204. Pot pald a cash dlvidend totaling $264,000 on ts common stock: 5. On December 31, 20X3. Immedlate y before the combination, the stockholders equity balance was: 6. The 204 net income amounts according to the separate books of Pot and seed were $896,000 (exclusive of equity in Seed's earnings) and $581,000, respectively. Required: Prepare a consolidated balance sheet worksheet for Pot and its subsidiary. Seed, for December 31 , 20x4. A formal consolldated balance sheet is not required Note: Values in the flrst two columns (the "parent" and "subsldlary" balances) that are to be deducted should be lndicated with a minus sign, whille all values in the "Consolldation Entries" columns should be entered as positlve values. For accounts where multiple adjusting entrles are required, combine all deblt entries into one amount and enter this amount in the deblt column of the worksheet. Simllarly, combine all credit entries Into one amount and enter this amount in the credit column of the worksheet. Requlred: Prepare a consolidated balance sheet worksheet for Pot and its subsidiary, Seed, fot December 31,204. A formal consolidated balance sheet is not required Note: Values in the flrst two columns (the "parent" and "subsidlary" balances) that are to be deducted should be Indicated with a minus sign, whlle all values In the "Consolldatlon Entrles" columns should be entered as positive values. For accounts where multiple adjusting entrles are requlred, combine all deblt entrles Into one amount and enter this amount In the debit column of the worksheet. Slmllarly, combine all credit entrles Into one amount and enter this amount In the credit column of the worksheet