a. What consolidation worksheet adjustments would have been required as of January 1, 2020, to eliminate the subsidiary's common and preferred stocks? b. What consolidation worksheet adjustments would have been required as of December 31, 2020, to account for Mona's purchase of Lisa's bonds? c. What consolidation worksheet adjustments would have been required as of December 31, 2020, to account for the Intra-entity sale of fixed assets? d. Assume that consolidated financial statements are being prepared for the year ending December 31, 2021. Calculate the consolidated balance for each of the following accounts: Franchises Fixed Assets Accumulated Depreciation Expenses these two companies for the year ending December Lisa Company $ (208,960 124,000 9 Sales and other revenues Expenses Dividend income-Lisa common stock Dividend income-Lisa preferred stock Net income Retained earnings, 1/1/21 Net income (above) Dividends declared-common stock Dividends declared-preferred stock Retained earnings, 12/31/21 Current assets Investment in Lisa-common stock Investment in Lisa-preferred stock Investment in Lisa-bonds Fixed assets Accumulated depreciation Total assets Accounts payable Bonds payable Discount on bonds payable Common stock Preferred stock Retained earnings, 12/31/21 Total liabilities and equities Mona Inc. $ (508,000) 224,000 (11,290) (7,200) $ (302,480) $ (704,000) (302,400) 96,800 @ $ (909,600) $ 134,419 580,000 69,000 51,833 1,104,000 (304,000) $ 1,635, 252 $ (421,652) $ (84,000) $ (588,000) (84,000) 14,000 12,000 $ (566,000) 584,000 @ @ 804,000 (204.000) $ 1,104,000 $ (139,874) (100,000 9,874 (204,000) (104,000 (566ece $(1,104,000 (304,000) (909.600) $(1,635, 252) Next Prey