Dporation acquired 100 percent of Faith Corporation's common stock on December 31 20X2 for $219.000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition Blank Ited Faith Corporation Assets Corporation Cash $ 70,000 $ 28,000 Accounts Receivable 84,00 47,000 Inventory 101,000 76,000 Buildings and Equipment (net) 211,000 155,000 Investment in Faith Corporation Stock 219,00 Total Assets $655,600 $300,000 Liabilities and Stockholders' Equity Accounts Payable $ 35,000 $ 19,000 Notes Payable 146,000 68,000 Common Stock 32,000 46,00 Retained Earnings 372,000 173,000 Total Liabilities and Stockholders' Equity 5685.000 5306.000 At the date of the business combination, the book values of Faith's net assets and liabilities approximated fair value Assume Faith Corporation's accumulated depreciation on buildings and equipment on the acquisition date was $18,000 Required: a. Give the consolidation 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.) b. Prepare a consolidated balance sheet worksheet (For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet) BLANK AND SUBSIDIARY Consolidated Balance Sheet Worksheet December 31, 20X2 Consolidation Entries DR CR Blank Falth Consolidated Assets Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Faith Total Assets 05 5 OS 05 0 OS Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Earrings Total Liabilities and Stockholders' Equity $ 05 0 $ 0 0 $ 0 $