On January 1, 2020, Mcllroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc, for $383,400. Stinson's book value on that date consisted of common stock of $100,000 and retained earnings of $226,700. Also, the acquisition-date fair value of the 40 percent noncontrolling interest was $255,600. The subsidiary held patents (with a 10-year remaining life) that were undervalued within the company's accounting records by $88,000 and an unrecorded customer list (15-year remaining life) assessed at a $63,900 fair value. Any remaining excess acquisition-date fair value was assigned to goodwill. Since acquisition, Mcllroy has applied the equity method to its investment in Stinson account and no goodwill impairment has occurred. At year-end, there are no intra-entity payables or recelvables. Intra-entity inventory sales between the two companies have been made as follows: The individual financial statements for these two companies as of December 31, 2021, and the year then ended follow: (Note: Parentheses indicate a credit balance.) a. Show how Mcilroy determined the $425,348 Imvestment in Stinsdir account balance. Assume that Mcllioy defers 100 percent of downstream intra-entity profits against its share of Stinson's income. b. Prepare a consolidated worksheet to determine appropriate balances for external financial reporting as of December 31 , 2021. Complete this question by entering your answers in the tabs below. Show how Mcliroy determined the $425,348 Imvestment in Stinson account balance. Assume that Mcilroy defers 100 percent of downstream intra-entity profits against its share of Stinson's income. (Amounts to be deducted should be indicated with a minus sign.)