Blank Corporation acquired 100 percent of Faith Corporations common stock on December 31, 20X2, for $206,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition:

Item	Blank Corporation				Faith Corporation
Assets
Cash		$	72,000			$	38,000
Accounts Receivable			81,000				43,000
Inventory			107,000				78,000
Buildings and Equipment (net)			221,000				159,000
Investment in Faith Corporation Stock			206,000
Total Assets		$	687,000			$	318,000
Liabilities and Stockholders Equity
Accounts Payable		$	89,000			$	35,000
Notes Payable			149,000				77,000
Common Stock			97,000				41,000
Retained Earnings			352,000				165,000
Total Liabilities and Stockholders Equity		$	687,000			$	318,000

At the date of the business combination, the book values of Faiths net assets and liabilities approximated fair value. Assume Faith Corporations accumulated depreciation on buildings and equipment on the acquisition date was $22,000. Required: a. Give the consolidation entry or entries needed to prepare a consolidated balance sheet immediately following the business combination. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare a consolidated balance sheet worksheet. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)