Bradford Company acquired 90% of Chadwick Company's outstanding common stock for $270,000 on January 1, 2016, when the book value of Chadwick's net assets was equal to $300,000. Bradford uses the equity method to account for investments. Trial balance data for Nichols and Bosely as of December 31, 2016 are as follows:

	Bradford Company			Chadwick Company
Cash	$ 158,000			$ 80,000
Accounts Receivable	165,000			65,000
Inventory	200,000			75,000
Investment in Bosely Stock	319,500			-
Land	200,000			100,000
Buildings and Equipment	700,000			200,000
Accumulated Depreciation		$ 450,000			$ 20,000
Accounts Payable		75,000			60,000
Bonds Payable		200,000			85,000
Common Stock		500,000			200,000
Retained Earnings		225,000			100,000
Dividends Declared	100,000			20,000
Sales		800,000			250,000
Income from Bosely		67,500			-
Cost of Goods Sold	200,000			125,000
Depreciation Expense	50,000			10,000
S&A Expense	225,000			40,000
Total	$ 2,317,500	$ 2,317,500		$ 715,000	$ 715,000

a. Prepare all equity method entries for 2016.

b. Prepare any necessary consolidation entries.

c. Prepare a consolidated income statement, consolidated statement of retained earnings, and a consolidated balance sheet.