ANSWER ASAP PLEASE!

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: Acme regularly buys inventory from Beta at a markup of 25 percent more than cost. Acme's purchases during 2022 and 2023 and reloted ending inventory balances follow: During 2024, Acme acquired additional inventory from Beta at a price of $232,000. 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 $288,000, indicating neither goodwill nor other specific fair-value allocations. Each company put up one-half of the consideration transferred. \begin{tabular}{|c|c|c|c|} \hline Items & \begin{tabular}{c} Acme \\ Corporation \end{tabular} & Beta Company & Cade Company \\ \hline Sales and other revenues & $(992,381) & $(808,740) & $(361,000) \\ \hline Cost of goods sold & 603,000 & 363,000 & 199,000 \\ \hline Operating expenses & 220,000 & 312,500 & 90,100 \\ \hline Income of Beta Company & (103,859) & 0 & 0 \\ \hline Income of Cade Company & (28,760) & (28,760) & 0 \\ \hline Net income & $(302,000) & $(162,000) & $(71,900) \\ \hline \begin{tabular}{l} Retained earnings, 1/1/24 \\ Net income (above) \end{tabular} & \begin{tabular}{r} $(877,000) \\ (302,000) \end{tabular} & \begin{tabular}{l} $(664,000) \\ (162,000) \end{tabular} & \begin{tabular}{r} $(210,000) \\ (71,900) \end{tabular} \\ \hline Dividends declared & 100,000 & 96,000 & 50,000 \\ \hline Retained earnings, 12/31/24 & $(1,079,000) & $(730,000) & $(231,900) \\ \hline Cash and receivables & $62,781 & $250,240 & $89,750 \\ \hline Inventory & 404,600 & 367,000 & 53,050 \\ \hline Investment in Beta Company & 936,859 & 0 & 0 \\ \hline Investment in Cade Company & 152,760 & 152,760 & 0 \\ \hline Buildings & 434,000 & 389,000 & 243,000 \\ \hline Equipment & 378,000 & 144,000 & 94,100 \\ \hline Land & 256,000 & 395,000 & 18,000 \\ \hline Total assets & $2,625,000 & $1,698,000 & $497,900 \\ \hline Liabilities & $(726,000) & $(658,000) & $(116,000) \\ \hline Common stock & (820,000) & (310,000) & (150,000) \\ \hline Retained earnings, 12/31/24 & (1,079,000) & (730,000) & (231,900) \\ \hline Total liabilities and equities & $(2,625,000) & $(1,698,000) & $(497,900) \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ ACME CORPORATION AND CONSOLIDATED SUBSIDIARIES } \\ \hline \multicolumn{7}{|c|}{ Consolidation Worksheet } \\ \hline \multicolumn{7}{|c|}{ Ducember 31,2024} \\ \hline \multirow{2}{*}{ Accounts } & \multirow{2}{*}{\begin{tabular}{l} Acme \\ Corporation \end{tabular}} & \multirow{2}{*}{\begin{tabular}{c} Beta \\ Company \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} Cade \\ Company \end{tabular}} & \multicolumn{2}{|c|}{ Consolidation Entrios } & \multirow{2}{*}{\begin{tabular}{l} Noncontrollit \\ Interest \end{tabular}} \\ \hline & & & & Debit & Credit & \\ \hline Sales and other revenue & (992,381) & (808,740) & 361,000 & & & \\ \hline Cost of poods sold & 603,000 & 363,000 & 199,0003 & & & \\ \hline Operating expenses & 220,000 & 312,500 & 90,100 & & & \\ \hline Income of Beta Company & (103,859) & & & & & \\ \hline Income of Cade Company & (28,760) & (28,760) & & & & \\ \hline Net income & (302,000) & (162,000) & 71,900 & & & \\ \hline Consolidated net income & & & & & & \\ \hline Net income attributable to noncontrolling interest (Beta) & & & & & & \\ \hline Net income attributable to noncontrolling interest (Cade) & & & & & & \\ \hline Net income attributable to Acme Corporation & & & & & & \\ \hline Retained earnings, 1/1/24: & & & & & & \\ \hline Acme Corporation & 877,000 & & & & & \\ \hline Beta Company & & 664,000 & & & & \\ \hline Cade Company & & & 210,000 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline Retained eamings, 12/31/24 & (1,079,000) & (730,000) & 231,900 & & & \\ \hline Cash and receivables & 62.781 & 250,240 & 89,750 & & & \\ \hline Inventory & 404,600 & 367.000 & 53,050 & & & \\ \hline Imvestment in Beta Company & 936,859 & & & & & \\ \hline Inwestment in Code Company & 152,760 & 152,760 & & & & \\ \hline Buadings & 434,000 & 399,000 & 243,000 & & & \\ \hline Equipment & 378,000 & 144,000 & 94,100 & & & \\ \hline Land & 256,000 & 395,000 & 18,000 & & & \\ \hline \multicolumn{7}{|l|}{ Trademarks } \\ \hline \multicolumn{7}{|l|}{ Franchise contracts } \\ \hline Total assets : & (2,625,000) & (1,698,000) & 497,900 & & & \\ \hline Liabilities & (726,000) & (658,000) & 116,000 & & & \\ \hline \multicolumn{7}{|l|}{ Noncontrolling interest in Cade } \\ \hline \multicolumn{7}{|l|}{ Noncontrolling interest in Beta } \\ \hline \multicolumn{7}{|c|}{ Noncontrolling interest in subsidiary companies } \\ \hline Common stock: & (820,000) & (310,000) & 150,000 & & & \\ \hline Retained eamings & (1,079,000) & (730,000) & 231,900 & & & \\ \hline Total liabillies and equities & (2,625,000) & (1,698,000) & 497,900 & 0 & 0 & \\ \hline \end{tabular} ACME CORPORATION AND CONSOLIDATED SUBSIDIARIES Consolidation Workshoet December 31, 2024 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline & & & & Consol & Entries & ntrolling & Consolidated \\ \hline & Corporation & Company & Company & Dobit & Credit & Interest & Balance \\ \hline & (992,381) & (808,740) & 361,000 & & & & \\ \hline & 603,000 & 363,000 & 199,000 & & & & \\ \hline & 220,000 & 312,500 & 90,100 & & & & \\ \hline & (103,859) & & & & & & \\ \hline & (28,760) & (28,760) & & & & & \\ \hline & (302,000) & (162,000) & 71,900 & & & & \\ \hline & & & & & & & 0 \\ \hline (Beta) & & & & & & & \\ \hline (Cade) & & & & & & & \\ \hline & & & & & & & 0 \\ \hline & & & & & & 4 & \\ \hline & 877,000 & & & & & & \\ \hline & & 664,000 & & & & & \\ \hline & & & 210,000 & & & & \\ \hline \end{tabular}