c. Prepare a consolidated balance sheet in good form. Note: Be sure to list the assets and liabilities in order of their liquidity. Amounts to be deducted should be indicated with a minus sign. Professor Corporation acquired 70 percent of Scholar Corporation's common stock on December 31,204, for $102,200. The fair value of the noncontrolling interest at that date was determined to be $43,800. Data from the baiance sheets of the two companies included the following amounts as of the date of acquisition: At the date of the business combination, the book values of Scholar's assets and liabilities approximated fair value except for inventory, which had a fair value of $81,000, and buildings and equipment, which had a fair value of $185,000. At December 31, 20X4, Professor reported accounts payable of $12,500 to Scholar, which reported an equai amount in its accounts recelvable. Prepare a consolidated balance sheet worksheet. Note: 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. At the date of the business combination, the book values of Scholar's assets and liabilities approximated fair value except for inventory, which had a fair value of $81,000, and bulldings and equipment, which had a fair value of $185,000. At December 31, 204, Professor reported accounts payable of $12,500 to Scholar, which reported an equal amount in its accounts recelvable