On December 31, 20X8, Parkway Corporation acquired 80 percent of Street Company's common stock for $104,000 cash. The fair value of the noncontrolling interest at that date was determined to be $26,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition:

	Parkway Corporation	Street Company
Cash	$ 90,000	$ 20,000
Accounts Receivable	80,000	35,000
Inventory	100,000	40,000
Land	40,000	60,000
Buildings and Equipment	300,000	100,000
Less: Accumulated Depreciation	(100,000)	(40,000)
Investment in Street Company	104,000
Total Assets	$ 614,000	$ 215,000
Accounts Payable	120,000	30,000
Mortgage Payable	200,000	100,000
Common Stock	50,000	25,000
Retained Earnings	244,000	60,000
Total Liabilities and Equity	$ 614,000	$ 215,000

On that date, the book values of Street's assets and liabilities approximated fair value except for inventory, which had a fair value of $45,000, and buildings and equipment, which had a fair value of $100,000. At December 31, 20X8, Parkway reported accounts payable of $15,000 to Street, which reported an equal amount in its accounts receivable.

Required:

1) Provide the consolidating entries needed to prepare a consolidated balance sheet immediately following the business combination.

2) Prepare a consolidated balance sheet worksheet.