Check my work Plump Corporation acquired 100 percent of Slim Corporation's common stock on December 31, 20X2, for $222,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Corporation $ 22,000 41,000 63,000 157,000 Ites Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Slim Corporation Stock Total Assets Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Plump Corporation $ 30,000 103,000 119,000 225,000 222,000 $699,000 $ 89,000 148,000 95,00 367,000 $699,000 $283,000 $ 20,000 72,000 54,000 137,000 $283,000 At the date of the business combination, Slim's net assets and liabilities approximated fair value except for inventory which had a fair value of $85,000, and buildings and equipment (net), which had a fair value of $166,000 Required: a. Prepare the consolidating entry or entries needed to prepare a consolidated balance sheet immediately following the business combination (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list view transaction list Consolidation Worksheet Entries Record the basic consolidation entry. Note: Enter debits before credits. view transaction list Consolidation Worksheet Entries Record the excess value (differential) reclassification entry. Note: Enter debits before credits. Entry Accounts Debi