On December 31, 20X8, Paragraph Corporation acquired 80 percent of Sentence Company's common stock for $136,000. At the acquisition date, the book values and falr values of all of Sentence's assets and liabilitles were equal. Paragraph uses the equity method In accounting for Its Investment. Balance sheet Information provlded by the companles at December 31, 20X8, Immedlately following the acquisition is as follows: Required: Prepare a consolidated balance sheet for Paragraph at December 31, 208. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ PARAGRAPH CORPORATION AND SUBSIDIARY } \\ \hline \multicolumn{2}{|c|}{ Consolidated Balance Sheet } \\ \hline Assets & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Assets & \\ \hline Liabilities and Stockholders' Equity 31,208 & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}