esPrepare the consolidation entries needed to prepare theconsolidated financial statements for Playtown Corporation as of[20X6.Note: If no entry is required for a transaction/event, select "Nojo Playtown Corporation purchased 75 percent of Sandbox Company common stock and 40 percent of its preferred stock on January \\( 1,20 \\times 6 \\), for \\( \\$ 270,000 \\) and \\( \\$ 80,000 \\), respe 2 answers