ESRA Company acquired 100 percent of CAN Companys outstanding common stock for $300,000 on January 1, 2020, when the book value of CANs net assets was equal to $300,000. ESRA uses the equity method to account for investments. Trial balance data for ESRA and CAN as of December 31, 2020, are as follows:

	ESRA		CAN
ACCCOUNTS	DEBIT	CREDIT	DEBIT	CREDIT
Cash	130.000		80.000
A/Receivable	165.000		65.000
Inventory	200.000		75.000
Investment In Can	355.000		-
Land	200.000		100.000
Building&Equipment	700.000		200.000
Accum. Depreciation		450.000		20.000
A/Payable		75.000		60.000
Bonds Payable		200.000		85.000
Common Stock		500.000		200.000
Retained Earnings		225.000		100.000
Dividends Declared	100.000		20.000
Cogs	200.000		125.000
Depreciation Expense	50.000		10.000
S&A Expense	225.000		40.000
Sales		800.000		250.000

Required:

1. Prepare the journal entries on ESRAs books for the acquisition of CAN on January 1, 2020, as well as any normal equity-method entry(ies) related to the investment in CAN Company during 2020.
2. Prepare a consolidation worksheet for 2020 in good form.