Nascent, Inc. acquries 60% of Sea-Breeze Coporation for $414,000 cash on January 1, 2012. The remaining 40% of the Sea-Breeze shares traded near a total value of $ 276,000 both before and after the acquisition date. No stock was issued after the acquisition date and no dividends were declared for 2012, 2013, or 2014. On January 1, 2012, Sea-Breeze had the following assets and liablilities:

	Book Value	Fair Value
Current Assest	150,000	150,000
Land	200,000	200,000
Buildings (net)(6-year remaining life)	300,000	324,000
Equipment (net)(4 year remaining life)	300,000	320,000
Patent (10 year ramining life)	0	56,000
Liabilities	(400,000)	(400,000)

Any excess over fair value is allocated to Goodwill with an indefinite life.

The companies' trial balances for the year ending December 31, 2015, are as follows:

	Nascent	Sea-Breeze
Revenues	(600,000)	(300,000)
Operating Expenes	410,000	210,000
Investment income	(42,000)	0
Net Income	(232,000)	(90,000)
Retained earnings, 1/1/15	(700,000)	(300,000)
Net Income	(232,000)	(90,000)
Dividends declared	92,000	70,000
Retained earnings, 12/31/15	(848,000)	(320,000)
Current Assests	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, 12/31/15	(840,000)	(320,000)
Total liabilities and equities	(2,064,000)	(1,000,000)

Use the information provided to answer the following questions. Please show all work.

1. Consolidated Worksheet

2. a consolidated balance sheet

3. a consolidated income statement.