Belchfire Motors accountant was called away after completing only half of the consolidated statements at the end of 20X4. The data left behind included the following:

Item	Belchfire Motors			Premium Body Shop			Consolidated
Cash	$	40,000		$	20,000		$	60,000
Accounts Receivable		180,000			30,000			200,000
Inventory		220,000			50,000			270,000
Buildings and Equipment (net)		300,000			290,000			590,000
Investment in Premium Body Shop		150,000
Total Debits	$	890,000		$	390,000		$	1,120,000
Accounts Payable	$	30,000		$	40,000
Bonds Payable		400,000			200,000
Common Stock		200,000			100,000
Retained Earnings		260,000			50,000
Total Credits	$	890,000		$	390,000

Required:
a.	Belchfire Motors acquired shares of Premium Body Shop at underlying book value on January 1, 20X1. What portion of the ownership of Premium Body Shop does Belchfire apparently hold?

b.	Compute the consolidated totals for each of the remaining balance sheet items.