On January 1, 20X9, Zigma Company acquired 100 percent of Standard Company's common shares at underlying book value. Zigma uses the equity method in accounting for its ownership of Standard. On December 31, 20X9, the trial balances of the two companies are as follows:

	Zigma Company		Standard Company
Item	Debit	Credit	Debit	Credit
Current Assets	238,000		95,000
Depreciable Assets	300,000		170,000
Investment in Standard Company	100,000
Other Expenses	90,000		70,000
Depreciation Expense	30,000		17,000
Dividends Declared	32,000		10,000
Accumulated Depreciation		120,000		85,000
Current Liabilities		50,000		30,000
Long-Term Debt		120,000		50,000
Common Stock		100,000		50,000
Retained Earnings		175,000		35,000
Sales		200,000		112,000
Income from Standard Company		25,000
	790,000	790,000	362,000	362,000

Required

a. Prepare the journal entries on Zigmas books for the acquisition of Standard on January 1, 20X9 as well as any normal equity-method entry(ies) related to the investment in Standard Company during 20X9.

b. Prepare the consolidation entries needed as of December 31, 20X9, to complete a consolidation worksheet.

c. Prepare a consolidation worksheet as of December 31, 20X9.