Emerald Corporation acquired 12,600 shares of the common stock and 400 shares of the 8 percent preferred stock of Pert Company on December 31, 20X4, at the book value of the underlying stock interests. At that date, the fair value of the noncontrolling interest in Pert's common stock was equal to 30 percent of the book value of its common stock interest. Pert reported the following balance sheet amounts on January 1, 20X5 Cash Accounts Receivable Inventory Buildings & Equipment Less: Accumulated Depreciation $ 41,000 Accounts Payable 84,000 Bonds Payable 134,000 Preferred Stock 604,000 Common Stock $ 140,000 97,000 100,000 180,000 199,000 (147,000) Retained Earnings Total Assets $ 716,000 Total Liabilities & Equities $ 716,000 Pert's preferred stock is $100 par value, and its common stock is $10 par value. The preferred dividends are cumulative and are two years in arrears on January 1, 20X5. Pert reports net income of $49,000 for 20X5 and pays no dividends Required a. Present the worksheet consolidation entry needed to prepare a consolidated balance sheet on January 1, 20X5. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries