Consolidated Workpaper, Equity Method Poco Company purchased 80% of Solo Company's common stock on January 1, 2010, for $250,000. On December 31, 2010, the companies prepared the following trial balances: Required: Prepare a consolidated statements workpaper on December 31, 2010. Any difference between book value and the value implied by the purchase price relates to goodwill. Consolidated Workpaper, Equity Method Poco Company purchased 80% of Solo Company's common stock on January 1, 2010, for $250,000. On December 31, 2010, the companies prepared the following trial balances: Required: Prepare a consolidated statements workpaper on December 31, 2010. Any difference between book value and the value implied by the purchase price relates to goodwill