of the common stock of Proceed Company acquired Stop Company on January 1, year one, for On that date, Stop had the following trial balance: account Additional paid in capital debit credit $100,000 Building (12-year life) $250,000 Common stock 170,000 Current assets 180,000 Equipment (6-yr life) 160,000 Land 110,000 Liabilities (due in 4 years) 310,000 Retained earnings 1/year 1 120,000 Totals $700,000 $700,000 During year one, Stop reported net income of During year one, Stop paid dividends of During year two, Stop reported net income of During year two, Stop paid dividends of On January 1, year one, fair values of some Stop's accounts were: 100% $600,000 $50,000 $30,000 $80,000 $40,000 Land Building Equipment $122,000 $262,000 $172,000 There was no impairment of any goodwill arising from the acquisition. Please indicate clearly which method (Equity, Partial Equity, or Initial Value) you choose for Proceed to use to account for its acquisition of Stop Company. Part A. Use the data for the Proceed Company acquisition of the Stop Company to prepare the consolidation worksheet entries (such as consolidation entry S, A....) for December 31 of year one. Part B. Use the data for the Proceed Company acquisition of the Stop Company to prepare the consolidation worksheet entries (such as consolidation entry S, A, ...) for December 31 of year two.