E4-15 Balance Sheet Worksheet with Differential Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $189,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Item Cash Blank Corporation Faith Corporation $ 26,000 Accounts Receivable 87,000 $ 18,000 37,000 Inventory 110,000 60,000 Buildings & Equipment (net) 220,000 150,000 Investment in Faith Corporation Stock 189,000 Total Assets $632,000 $265,000 Accounts Payable $ 92,000 Notes Payable 150,000 $ 35,000 80,000 Common Stock 100,000 60,000 Retained Earnings 290,000 90,000 Total Liabilities & Stockholders' Equity $632,000 $265,000 At the date of the business combination, Faith's net assets and liabilities approximated fair value except for inventory, which had a fair value of $84,000, and buildings and equipment (net), which had a fair value of $165,000. Required a. Give the consolidation entry or entries needed to prepare a consolidated balance sheet immediately following the business combination. b. Prepare a consolidation balance sheet worksheet