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At year-end, there were no intra-entity receivables or payables. Using the acquisition method, prepare the worksheet to consolidate these two companies. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Negative amounts for the Noncontrolling Interest and Consolidated Totals columns should be entered with a minus sign.) PADRE INC., AND SIERRA CORPORATION Consolidated Worksheet For Year Ending December 31, 2018 Consolidation Entries Accounts Padre Sierra Debit Credit Noncontrolling Interest Consolidated Totals $(1.431,820) $ (635,250) 764,000 414,000 293,000 12,600 0 5,250 48,500 6,400 (155,680) 0 $ (482,000) S (197,000) Revenues Cost of goods sold Depreciation expense Amortization expense Interest expense Equity in income of Sierra Separate company net income Consolidated net income NI to noncontrolling interest NI to Padre Company Retained earnings 1/1 Net income (above) Dividends declared Retained earnings 12/31 Current assets Investment in Sierra Land 0 $ 0 $(1,467,500) $ (523,000) (482,000) (197,000) 260.000 65.000 $(1,689,500) $ (655,000) $ 1.018.140 $ 685,650 855,360 339,000 68.2001 5 $(1,431,820) $ (635,250) 764,000 414,000 293,000 12,600 0 5,250 48,500 6,400 (155,680) 0 $ (482,000) $ (197,000) 0 0 Revenues Cost of goods sold Depreciation expense Amortization expense Interest expense Equity in income of Sierra Separate company net income Consolidated net income Ni to noncontrolling interest Ni to Padre Company Retained earnings 1/1 Net income (above) Dividends declared Retained earnings 12/31 Current assets Investment in Sierra Land Buildings and equipment (net) Copyright Total assets Accounts payable Notes payable NCI in Sierra 1/1 NC in Sierra 12/31 0 $(1.467,500) S (523,000) (482,000) (197,000) 260,000 65,000 $(1,689,500) $ (655,000) $ 1,018,140 $ 685,650 855,360 339,000 68,200 956,000 337.400 0 99,750 $ 3,168,500 $ 1,191,000 $ 204,000) $ (171,000) (525,000) (206,000) 0 $ 0 Common stock Additional paid-in capital Retained earnings 12/31 (above) Total liabilities and stockholders' equity (300,000) (100,000) (450,000) (60,000) (1,689,500) (655.000) $ (3,168,500) $(1,191,000) $ 0 $ 0 $