Granulosus Co. purchased 60 percent of the voting shares of Losillas Corp. on July 15, 2017, at that day's book value. On that date, the fair value of uncontrollable interest was equal to 35 per cent.
Losillas Corp.'s book value The permanent accounts of the companies as of December 31, 2022, contained the following balance sheets:
	Granulosus Company	Losillas Corporation
Cash and Accounts Receivable	$236,000	$74,000
Inventory	68,700	38,600
Land	310,000	87,000
Buildings and Equipment	618,300	204,400
Investment in Losillas Corporation shares	250,000	________
	$ 1,483,000	$ 404,000
Accumulated depreciation	$212,400	$76,000
Accounts Payable	350,000	32,500
Notes Payable	385,000	81,500
Joint Actions	161,600	132,000
Retained Earnings	374,000	82,000
	$ 1,483,000	$ 404,000
On January 1, 2018, Granulosus paid $236,500 in the purchase of equipment with an estimated useful life of 10 years
The equipment was depreciated using the straight-line depreciation method with no residual value.
Losillas Corp. purchased equipment from Granulosus Co. on December 31, 2020, for $98,600. Assume that Losillas Corp. did not change the remaining life of the equipment.
October 16, 2021, Losillas Corp. sold land to Granulosus, which it had purchased for a cost of $124,000 on March 22, 2018, for a price of $68,000. Assume that Granulosus Co. uses the fully adjusted equity method.
1. Prepare a consolidated Balance Sheet as of December 31, 2022.
1. Prepare the Consolidated Balance Sheet as of December 31, 2022

			Consolidated Entries
	Granulosus Company	Losillas Corporation	Dr	Cr	Consolidated
Cash and Accounts Receivable	$236,000	$74,000
Inventory	68,700	38,600
Land	310,000	87,000
Buildings and Equipment	618,300	204,400
Investment in Losillas Corporation shares	250,000	________
Total Assets	$ 1,483,000	$ 404,000	$0	$0	$0
Accumulated depreciation	212,400	76,000
Accounts Payable	350,000	32,500
Notes Payable	385,000	81,500
Joint Actions	161,600	132,000
Retained Earnings	374,000	82,000
Total Liabilities and Capital	$1,483,000	$404,000	$0	$0	$0

		Granulosus Company y Subsidiaria
		Consolidated Balance Sheet
		12/31/2022