Elimination Entry and Consolidated Workpaper Porter Company acquired 90% of Sky Company's stock on January 1, 2020 for $450,000. Any difference in Sky's book and fair values is attributable to Sky's land Complete the consolidated workpaper Eliminations Cr Non controlling Interest Consolidated Balances Porter Co. Sky Co Dr Cash $ 200,000 $180,000 AR 70,000 25.000 Land 260,000 250,000 Investment in Sky 450.000 Total Assets 5080.000 $455.000 I Accounts Payable $ 110,000 $ 35,000 Common Stock (510 200.000 100,000 120,000 Ohes Contributed Capital 310,000 360.000 Retained Earnings 200,000 Noncontrolling Interest $455.000 Total Lab & Equity 590,000