Acme Corporation has been operating profitably since its creation in $1998.$ At the beginning of $2022,$ Acme acquired a $70$ percent ownership in Beta Company. At the acquisition date, Acme prepared the following fair$-$value allocation schedule:$\backslash$table$[[$ACME CORPORATION AND CON SOLIDATED SUB SIDIARIES$],[$Consolidation Worksheet$],[$December $31,2024],[$Accounts$,\backslash$table$[[$Acme$],[$Corporation$]],\backslash$table$[[$Beta$],[$Company$]],\backslash$table$[[$Cade$],[$Company$]],$Consolidation Entries,$\backslash$table$[[$Noncontrolling$],[$Interest$]],\backslash$table$[[$Consolidated$],[$Balance$]]],[$Debit$,$Credit$],[$Sales and other revenue,$(1,121,652),(831,640),390,400,,,,],[$Cost of goods sold,$623,000,382,000,227,000,,,,],[$Operating expenses,$301,000,288,000,90,000,,,,],[$Income of Beta Company,$(120,988),,,120,988,,,0],[$Income of Cade Company,$(29,360),(29,360),,58,720,,,0],[$Net income,$(348,000),(191,000),73,400,,,,],[$Consolidated net income,,,,,,,$0],[$Net income attributable to noncontrolling interest $($Beta$)],[$Net income attributable to noncontrolling interest $($Cade$)],[$Net income attributable to Acme Corporation,,,,,,,$0],[$Retained earnings, $1/1/24$:$],[$Acme Corporation,$889,000,,,,,,889,000],[$Beta Company,,$602,000,,602,000,,,0],[$Cade Company,,,$233,000,233,000,,,0],[$Net income,$348,000,191,000,73,400,,,,348,000],[$Dividends declared$],[$Acme Corporation,$100,000,,,,,,100,000],[$Beta Company,,$96,000,,,,,0],[$Cade Company,,,$50,000,,,,0],[$Retained earnings, $12/31/24,(1,137,000),(697,000),256,400,,,,1,137,000$

Consideration transferred for $70\%$ interest in Beta $ $763,000$

Fair value of the $30\%$ noncontrolling interest $327,000$

Beta business fair value $ $1,090,000$

Beta book value $739,000$

Excess fair value over book value $ $351,000$

Assignments to adjust Beta$$s assets to fair value:

To buildings $(20-$year remaining life$)$ $ $95,000$

To equipment $(4-$year remaining life$)(24,600)$

To franchises $(10-$year remaining life$)41,500$

To trademarks $($indefinite life$)239,100351,000$

$0$

Acme regularly buys inventory from Beta at a markup of $25$ percent more than cost. Acme's purchases during $2022$ and $2023$ and related ending inventory balances follow:

Year Intra$-$Entity Purchases Remaining Intra$-$Entity Inventory$$ End of Year $($at transfer price$)$

$2022$ $ $112,500$ $ $37,500$

$2023143,75057,500$

During $2024,$ Acme acquired additional inventory from Beta at a price of $$299,000.$ Of this merchandise, $45$ percent is still held at year$-$end.

On January $1,2024,$ Acme and Beta acted together as co$-$acquirers of $80$ percent of Cade Company's outstanding common stock. The total price of these shares was $$306,400,$ indicating neither goodwill nor other specific fair$-$value allocations. Each company put up one$-$half of the consideration transferred.

Items Acme Corporation Beta Company Cade Company

Sales and other revenues $ $(1,121,652)$ $ $(831,640)$ $ $(390,400)$

Cost of goods sold $623,000382,000227,000$

Operating expenses $301,000288,00090,000$

Income of Beta Company $(120,988)00$

Income of Cade Company $(29,360)(29,360)0$

Net income $ $(348,000)$ $ $(191,000)$ $ $(73,400)$

Retained earnings, $1/1/24$ $ $(889,000)$ $ $(602,000)$ $ $(233,000)$

Net income $($above$)(348,000)(191,000)(73,400)$

Dividends declared $100,00096,00050,000$

Retained earnings, $12/31/24$ $ $(1,137,000)$ $ $(697,000)$ $ $(256,400)$

Cash and receivables $ $38,702$ $ $146,440$ $ $88,750$

Inventory $434,750392,000125,450$

Investment in Beta Company $925,98800$

Investment in Cade Company $162,560162,5600$

Buildings $451,000395,000201,000$

Equipment $409,000166,00092,100$

Land $225,000319,00018,100$

Total assets $ $2,647,000$ $ $1,581,000$ $ $525,400$

Liabilities $ $(690,000)$ $ $(574,000)$ $ $(119,000)$

Common stock $(820,000)(310,000)(150,000)$

Retained earnings, $12/31/24(1,137,000)(697,000)(256,400)$

Total liabilities and equities $ $(2,647,000)$ $ $(1,581,000)$ $ $(525,400)$

Note: Parentheses indicate a credit balance.

Required:

Using the three companies$$ financial records for $2024,$ prepare a consolidation worksheet. The equity method has been applied to each investment.