On January 1, 2015, ABC Corp. issued shares of its common stock to acquire all of the outstanding common stock of MSN Inc. MSN's book value was only $140,000 at the time, but ABC issued 12,000 shares having a par value of $1 per share and a fair value of $20 per share. ABC was willing to convey these shares because it felt that buildings (ten-year life) were undervalued on MSN's records by $60,000 while equipment (five-year life) was undervalued by $25,000. Any consideration transferred over fair value of identified net assets acquired is assigned to goodwill.

Following are the individual financial records for these two companies for the year ended December 31, 2018.

31-Dec-18
	ABC		MSN
Revenues	372,000		108,000
Expenses	(264,000)		(72,000)
Equity in investee earnings	25,000		-
Net Income	133,000		36,000
Retained earnings, January 1, 2018	765,000		102,000
Net income (above)	133,000		36,000
Dividends paid	(84,000)		(24,000)
Retained earnings, December 31, 2018	814,000		114,000
Current assets	150,000		22,000
Investment in MSN Inc.	242,000		-
Buildings (net)	525,000		85,000
Equipment (net)	389,250		129,000
Total Assets	1,306,250		236,000
Liabilities	82,250		50,000
Common Stock	360,000		72,000
APIC	50,000		-
Retained Earnings, December 31, 2018 (above)	814,000		114,000
Total Liabilities and SE	1,306,250		236,000

Required: Prepare a consolidation worksheet for this business combination.