Dawmill reported retained earnings of

$100,000

at the date of acquisition. The difference between the acquisition price and unde pook value is assigned to buildings and equipment with a remaining economic life of 10 years from the date of acquisition. Assum Sawmill's accumulated depreciation on the acquisition date was

$25,000

.\ Required:\ a. Prepare the appropriate consolidation entry or entries needed to prepare a consolidated balance sheet as of December 31, 20)\ b. Prepare a consolidated balance sheet worksheet as of December 31,

20\\\\times 3

.

awmill reported retained earnings of $100,000 at the date of acquisition. The difference between the acquisition price and und ook value is assigned to buildings and equipment with a remaining economic life of 10 years from the date of acquisition. Assun iawmill's accumulated depreciation on the acquisition date was $25,000. Required: a. Prepare the appropriate consolidation entry or entries needed to prepare a consolidated balance sheet as of December 31,20 b. Prepare a consolidated balance sheet worksheet as of December 31, 203