On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $763,000 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $327,000 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $140,500 fair value to a patent recently developed by Atlanta, even though it was not recorded within the financial records of the subsidiary. This patent is anticipated to have a remaining life of five years. The following financial information is available for these two companies for 2021. In addition, the subsidiary's income was earned uniformly throughout the year. The subsidiary declared dividends quarterly. Revenues Operating expenses Income of subsidiary Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings, 12/31/21 Current assets Investment in Atlanta Land Buildings Total assets Truman Atlanta $ (768,685) $ (428,000) 299,000 426,000 (35,315) $ (378,000) $ (129,000) $ (859,000) $ (528,000) (378,000) (129,000) 170,000 90,000 $ (1,067,000) $ (567,000) $ 433,185 $ 396,000 766,815 440,000 251,000 800,000 665,000 $ 2,440,000 $ 1,312,000 Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/21 Total liabilities and stockholders' equity $ (873,000) $ (425,000) (95,000) (405,000) (1,067,000) (300,000) (20,000) (567,000) $ (2,440,000) $ (1,312,000) d. Prepare a worksheet to consolidate the financial statements of these two companies as of December 31, 2021. At year-end, there were no intra-entity receivables or payables