C4-1 The following account balances are for the year ending December 31, 2015 for both companies.

	John Doe	Bubba
	Enterprises	Manufacturing
Revenues	$(298,000,000)	$(103,750,000)
Expenses	271,000,000	95,800,000
Equity in income of Bubba Manufacturing	( 4,361,500)	0
Net income	$( 31,361,500)	$( 7,950,000)
Retained earnings, January 1, 2015	$( 2,500,000)	$( 100,000)
Net income (above)	( 31,361,500)	( 7,950,000)
Dividends paid	5,000,000	3,000,000
Retained earnings, December 31, 2015	$( 28,861,500)	$( 5,050,000)
Current Assets	$ 30,500,000	$ 20,800,000
Investment in Bubba Manufacturing	13,161,500
Land	1,500,000	1,700,000
Buildings	5,600,000	2,360,000
Equipment (net)	3,100,000	2,960,000
Total assets	$ 53,861,500	$ 27,820,000
Accounts payable	$( 3,100,000)	$ (4,900,000)
Notes payable		( 1,000,000)
Common stock	( 2,900,000)	( 6,000,000)
Additional paid-in capital	( 19,000,000)	( 10,870,000)
Retained earnings, Dec. 31, 2015 (above)	( 28,861,500)	( 5,050,000)
Total liabilities and stockholders equity	$ (53,861,500)	$( 27,820,000)

Required:

Prepare a consolidation worksheet for this business combination. Assume goodwill has been reviewed and there is no goodwill impairment.