6 5 points Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying book value on August 30, 20X6. At that date, the fair value of the noncontrolling interest was equal to 20 percent of the book value of Spark Filter. Summarized trial balance data for the two companies as of December 31, 20X8, are as follows: eBook Print References Cash and Accounts Receivable Inventory Buildings & Equipment (net) Investment in Spark Filter Company Cost of Goods Sold Depreciation Expense Current Liabilities Common Stock Retained Earnings Sales Income from Spark Filter Company Total Plug Products Debit Credit Spark Filter Company Debit Credit $ 150,000 $ 99,000 223,000 128,000 281,000 191,000 272,114 173,000 30,000 138,000 20,000 $ 177,710 $ 64,510 182,000 85,000 458,000 214,000 262,490 212,490 $1,129,114 48,914 $1,129,114 $576,000 $576,000 On January 1, 20X8, Plug's inventory contained filters purchased for $69,000 from Spark Filter, which had produced the filters for $49,000. In 20X8, Spark Filter spent $109,000 to produce additional filters, which it sold to Plug for $153,490. By December 31, 20X8, Plug had sold all filters that had been on hand January 1, 20X8, but continued to hold in inventory $46,047 of the 20X8 purchase from Spark Filter. Required: a. Prepare all consolidation entries needed to complete a consolidation worksheet for 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list