9. Keiser Company acquires 80% of OCP Corporation for $130,000. Current assets Cash Accounts receivable Inventory Total plant ass ets Investment in Son Total current as sets Plant as sets Less: Accumulated depreciation Total ass ets Separate Balance Sheets December 31, 2015 Assets Currents liabilities Accounts payable Liabilites and Stockholder Equity Other current liablities Total current liabilities Stockholders equity Capital stock Retained earnings Total stockholders's equity Total liabilities and stockholders's equity Pop $ 40,000 S 90,000 45,000 175,000 150,000 (30,000) 120,000 120,000 $415,000 S $ 75,000 55,000 130,000 Son 200.000 85,000 40,000 I 60,000 25,000 125.000 110,000 115,000) 95,000 220,000 60.000 40.000 100,000 80 000 40,000 285,000 120,000 $415,000 $ 220.000 Prepare the consolidated balance sheet at date of acquisition. Prepare the journal entry to record the Adjustments and elimination.