Facts: On December 31, 2023, Parent Co purchased 95% of Sub Co for $120,000 cash. The Balance Sheet of each corporation just prior to the acquisition is presented below. Additionally, book value and fair value for all of Sub's assets and liabilities are equal, with the exception of property, plant and equipment, whose fair value is $47,000. Prepare the required work paper elimination entries for consolidation. Prepare the December 31, 2023 consolidated Balance Sheet (immediately after acquisition) showing the adjustments, eliminations and consolidated balances.