Amber Corporation acquired 60 percent ownership of Sparta Company on January 1, 20X8, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 40 percent of the book value of Sparta Company. Accumulated depreciation on Buildings and Equipment was $70,000 on the acquisition date. Trial balance data at December 31, 20X8, for Amber and Sparta are as follows Amber Corporation Sparta Company Debit Debit Cr tem Cash Accounts Receivable Inventory Buildings & Equipment Investment in Row Company Securities Investment in Sparta Company Cost of Goods Sold Depreciation Expense Interest Expense Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings Other Comprehensive Income from Subsidiary $ 46,000 76,000 59,000 509,000 S 12,000 41,000 49,000 236,000 47,000 95,040 142,000 25,000 5,000 26,000 102,000 5,000 27.600 $ 131.000 58,000 149.440 191,000 199,000 $ 75,000 13,000 138,600 85,000 45,000 (OCI)-Unrealized Gain on Investments Unrealized Gain on Investments (OCI) Sales Income from Subsidiary 6000 10,000 155,000 221000 27.600 s 983,040 S 983,040 S 521.600 $ 521,600 Additional Information Sparta purchased stock of Row Company on January 1, 20X8, for $37,000 and classified the investment as available-for-sale securities The value of Row's securities increased to $47 000 at December 31, 20X8 dditional Information parta purchased stock of Row Company on January 1, 20X8, for $37,000 and classified the investment as vailable-for-sale securities. The value of Row's securities increased to $47,000 at December 31, 20X8. equired: a. Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. (f no entry is required for a transaction/event, select "No journal entry required" in the first account field.)