ANSWERS ARE BELOW, BUT PLEASE SHOW THE STEPS ON HOW TO GET THEM. THANKS!

On January 1, 2011, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000 There is no active market for Strong's stock. Of this payment, S28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by S35,000. Any remaining excess was attributable to goodwill which has not been impaired. As of December 31, 2011, before preparing the consolidated worksheet, the financial statements appeared as follows Pride. Inc. Strong Corp $ 420,000 Revenues $280,000 6,000) (112,000) 14,000) S 196,000 154.000 Cost of goods sold Operating expenses 28,000) Net income 420,000 196,000 $210,000 154,000 Retained earnings, 1/1/11 Net income (above) Dividends paid Retained earnings, 12/31/11 S 616.000 364,000 S 294,000 210,000 364,000 $126,000 154,000 Cash and receivables Inventory Investment in Strong Corp Equipment (net) Total assets $1,484,000 700,000 $196,000 $ 588,000 280,000 Liabilities 140,000 36 Common stock Retained earnings, 12/31/11 (above) Total liabilities and stockholders equity$1484000 $700.000| During 2011, Pride bought inventory for $112,000 and sold it to Strong for S140,000. Only half of this purchase had been paid for by Strong by the end of the year, 60% of these goods were still in the com pany's possession on December 31 25. What is the total of consolidated cost of goods sold? A. S196,000 B. $212,800 C. S184,800 D. $203,000 E. $168,000 interest appearing in the balance sheet? 26. What is the consolidated total of A. S100,800 B. $97,440 C. $93,800 D. S120,400 E. $117,040 27. What is the consolidated total for equipment (net) at December 31, 2011? A. S952,000 B. $1,058,400 C. $1,069,600 D. S1,064,000 E. $1,066,800