Big Co acquired 100% of the common Stock of Little Co. on 1/1/22 for $450,000. Little's bock value on that date was $300,000. Little had the following misvalued/unreported assets and liabilities: Land, undervalued by $10,00C Inventory, FIFO basis, undervalued by $5,000 Equipment, 10 year life, undervalued by $80,000 Customer list, 2 year life, valued at $20,000 but unreported on balance sheet. Any remaining differential is attributed to goodwill Big Co uses the EQUITY METHOD to account for their investment in Little In 2022, Little reported earnings of $70,000 and paid dividends of $10,000 In 2023 Little reported earnings of $30,000 and paid dividends of $15,000. The trial balances for 1/1/22,12/31/22, and 12/31/23 are given below. Required: Prepare elimination entries at 1/1/22 and complete the "Consolidation at acquisition" (1/1/22) worksheet 1. Prepare elimination entries at 1/1/22 and complete the "Consolidation at acquisition" (1/1/22) worksheet 2. Prepare elimination entries at 12/31/23 and complete the "Consolidation at acquisition" (12/31/23) worksheet 3. Prepare elimination entries at 12/31/22 and complete the "Consolidation at acquisition" (12/31/22) worksheet You HAVE to "work down" the Big and Little columns in the 12/31/22 worksheet to get the ending R/E values to plug into the 12/31/23 workshee Big Co acquired 100% of the common Stock of Little Co. on 1/1/22 for $450,000. Little's bock value on that date was $300,000. Little had the following misvalued/unreported assets and liabilities: Land, undervalued by $10,00C Inventory, FIFO basis, undervalued by $5,000 Equipment, 10 year life, undervalued by $80,000 Customer list, 2 year life, valued at $20,000 but unreported on balance sheet. Any remaining differential is attributed to goodwill Big Co uses the EQUITY METHOD to account for their investment in Little In 2022, Little reported earnings of $70,000 and paid dividends of $10,000 In 2023 Little reported earnings of $30,000 and paid dividends of $15,000. The trial balances for 1/1/22,12/31/22, and 12/31/23 are given below. Required: Prepare elimination entries at 1/1/22 and complete the "Consolidation at acquisition" (1/1/22) worksheet 1. Prepare elimination entries at 1/1/22 and complete the "Consolidation at acquisition" (1/1/22) worksheet 2. Prepare elimination entries at 12/31/23 and complete the "Consolidation at acquisition" (12/31/23) worksheet 3. Prepare elimination entries at 12/31/22 and complete the "Consolidation at acquisition" (12/31/22) worksheet You HAVE to "work down" the Big and Little columns in the 12/31/22 worksheet to get the ending R/E values to plug into the 12/31/23 workshee