On January $1,2023,$ PulaskI, Incorporated, acquired a $60$ percent Interest in the common stock of Sheridan, Incorporated, for Required:

a$.$ Show how Pulask determined the $$394,533$ Investment In Sher$$dan account balance. Assume that Pulask defers $100$ percent of

downstream Intra$-$entity profits against Its share of Sheridan's Income.

b$.$ Prepare a consolidated worksheet to determine approprlate balances for external financlal reporting as of December $31,2024.$

PLEASE COMPLETE THE CONSOLIDATED SHEET TOO. THANK YOU