Crow Corporation purchased 70 percent of West Company's voting common stock on January 1, 20X5, for $291,200. On that date, the noncontrolling interest had a fair value of $124,800 and the book value of West's net assets was $380,000. The book values and fair values of West's assets and liabilities were equal except for land that had a fair value 14,000 higher than book value. The amount attributed to goodwill as a result of the acquisition is not amortized and has not been impaired CROW CORPORATION AND WEST COMPANY Trial Balance Data December 31, 20X9 Crow Corporation West Coripany Credit Credit Item Cash and Receivables Inventory Land, Buildings, &Equipment (net) Investment in West Company Stock Cost of Goods & Services Depreciation Expense Dividends Declared Sales & Service Revenue Income from Subsidiary Accounts Payable Common Stock Retained Earnings Debit Debit $81,300 200,000 270,000 290,200 200,000 40,000 35,000 S 85,000 110,000 250,000 150,000 30,000 5,000 $ 300,000 24,500 60,000 200,000 532,000 200,000 30,000 150,000 250,000 Total 1,116,500 1,116,500 S 630,000 630,000 On January 1, 20x9, Crow's inventory contained $30,000 of unrealized intercompany profits recorded by West. West's inventory on that date contained $15,000 of unrealized intercompany profits recorded on Crow's books. Both companies sold their ending 20X8 inventories to unrelated companies in 20x9 During 20X9, West sold inventory costing $37,000 to Crow for $62,000. Crow held all inventory purchased from West ding 20X9 on December 31, 20X9. Also during 20X9, Crow sold goods costing $54,000 to West for $90,000. West continues to hold $20,000 of its purchase from Crow on December 31, 20X9. Assume Crow uses the fully adjusted equity method Required: . Prepare all consolidation entries needed to complete a consolidation worksheet as of December 31, 20X9. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)