Basic Consolidation Worksheet Police Corporation acquired 100 percent of Station Corporation's woting shares on January 1. 20X3, at underiying book value. At that date, the book values and fai values of Station's assets and liabilities were equal. Police uses the equity method in accounting for its investment in Station. Adjusted trial balances for Police and Station on December 31, 20X3, are as follows: Required a. Give all consolidation entries required on December 31, 20X3, to prepare consolidated financial satements