b. Prepare all consolidating entries needed to prepare a full set of consolidated financial statements for 20X7. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event Accounts Debit Credit A 1 Common stock 48,000 Retained earnings 93,000 Income from Sword Company 74,000 Dividends declared 26,000 Investment in Sword Company 189,000 B 2 Depreciation expense 3,000 Income from Sword Company 3,000 C 3 Buildings and equipment 33,000 Goodwill 26,000 Accumulated depreciation 3,000 Investment in Sword Company 56,000 D 4 Accounts payable 18,000 Accounts receivable 18,000 E 5 Accumulated depreciation V 40,000 Buildings and equipment 40,000