Blank Corporation acquired 100 percent of Faith Corporations common stock on December 31, 20X2, for $228,000. 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	$ 71,000	$ 29,000
Accounts Receivable	82,000	56,000
Inventory	110,000	80,000
Buildings and Equipment (net)	219,000	153,000
Investment in Faith Corporation Stock	228,000
Total Assets	$ 710,000	$ 318,000
Liabilities and Stockholders Equity
Accounts Payable	$ 72,000	$ 19,000
Notes Payable	131,000	71,000
Common Stock	98,000	51,000
Retained Earnings	409,000	177,000
Total Liabilities and Stockholders Equity	$ 710,000	$ 318,000

At the date of the business combination, the book values of Faiths net assets and liabilities approximated fair value. Assume that Faith Corporations accumulated depreciation on buildings and equipment on the acquisition date was $22,000.

Required:

1. Give the consolidation entry or entries needed to prepare a consolidated balance sheet immediately following the business combination.
2. Prepare a consolidated balance sheet worksheet.