board XCO Bumaining Time 52 minutes 38 seconds Question Completion Status: 2 3 4 5 pom On May 1, 2021, Manama Coacquired all of the voting shares of Sitra Co. by Iesuling 25,000 shares of $2 par value and $22 fair value each and $2,500 in stock betulnce costs. Maname and Sitra reported following account balances. Assume that Stra's building was overvalued by 538,200 and equipment was undervalued by $50,800. Partial Consolidated Worksheet Sheet Account Manama Stra Consolidation Entries Debit Credit Currents $342.200 S78 300 Investment in St Co. > O Building 411.500 209.000 Louipment 34,700 307.000 Goodwin 0 9 Totales 51338.400 3594300 Labtes 1438,400) 13:34, 100) Common Mock (100,000) 190.000) Addional paid in capital 200.000 0 Retained ning 1600.000 (120.0001 Totes and out 51338.400 3594.300 Required: (7 points) 1. Prepare the journal entry to record Manana investment in StrCo (Please leave a line between entries) 2. Prepare condition and that we say to complete the worse (Please leave a line between entries 3. Explain whawhaidary's revenues and expenses we not comedited on date of action For the LTO ALTINOM BIUS Arial 14 board XCO Bumaining Time 52 minutes 38 seconds Question Completion Status: 2 3 4 5 pom On May 1, 2021, Manama Coacquired all of the voting shares of Sitra Co. by Iesuling 25,000 shares of $2 par value and $22 fair value each and $2,500 in stock betulnce costs. Maname and Sitra reported following account balances. Assume that Stra's building was overvalued by 538,200 and equipment was undervalued by $50,800. Partial Consolidated Worksheet Sheet Account Manama Stra Consolidation Entries Debit Credit Currents $342.200 S78 300 Investment in St Co. > O Building 411.500 209.000 Louipment 34,700 307.000 Goodwin 0 9 Totales 51338.400 3594300 Labtes 1438,400) 13:34, 100) Common Mock (100,000) 190.000) Addional paid in capital 200.000 0 Retained ning 1600.000 (120.0001 Totes and out 51338.400 3594.300 Required: (7 points) 1. Prepare the journal entry to record Manana investment in StrCo (Please leave a line between entries) 2. Prepare condition and that we say to complete the worse (Please leave a line between entries 3. Explain whawhaidary's revenues and expenses we not comedited on date of action For the LTO ALTINOM BIUS Arial 14