Consolidation Working Paper, Simple Example Company's net assets approximate fair value. Recuirind a. Frepare the journai entry princeoraft makes to record the acquaitisn on ms own books - Inter answers in mallions if xample $40,000,000 equals 540 milion). a. Prepare the journal entry Princecraft makes to recerd the acquiseon an its own books. Enter answers in milions (Example: $40,000,000 equals $40 milion). b. Prepare the tonsolidation working paper at the date of acipuation. - Enter answers in millions (Example: 560,000,000 equals 540 million). - Use negative signs with your Credit (Cr) answers in the Dr(Cr) columns (not in the Eliminations Credit column). c. Prepare the consolidated balance sheet at the date of acquisition, in good form. Enter answers in miltions (Example, $27,000,000 equals 322 malion)