Nascent, Inc., acquires 60 percent of Sea-Breeze Corporation for $414,000 cash on January 1, 2015. The remaining 40 percent of the Sea-Breeze shares traded near a total value of $276,000 both before and after the acquisition date. On January 1, 2015 Sea-Breeze had the following assets and liabilities: Book Value Fair Value Current assets $ 150,000 $150,000 Land 200,000 200,000 Buildings (net) (6-year remaining life) 300,000 360,000 Equipment (net) (4-year remaining life) 300,000 280,000 Patent (10-year remaining life) 0 100,000 Liabilities (400,000) (400,000) The companies' financial statements for the year ending December 31, 2018, follow: Nascent Sea-Breeze Revenues $ (600,000) $ (300,000) Operating expenses 410,000 210,000 Investment income (42,000) Net income $ (232,000) $ (90,000) Retained earnings, 1/1/18 $ (700,000) $ (300,000) Net income (232,000) (90,000) Dividends declared 92,000 70,000 Retained earnings, 12/31/18 $ (840,000) $ (320,000) Current assets $ 330,000 $ 100,000 Land 220,000 200,000 Buildings (net) 700,000 200,000 Equipment (net) 400,000 500,000 Investment in Sea-Breeze 414,000 0 Total assets $ 2,064,000 $ 1,000,000 Liabilities $ (500,000) $ (200,000) Common stock (724,000) (480,000) Retained earnings, 12/31/18 (840,000)_(320,000) Total liabilities and equities $(2,064,000) $(1,000,000) Prepare the Consolidated Worsksheet