On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $792,400 in cash and equity securities. The remaining 30 percent of Atlanta's shares traded closely near an average price that totaled $339,600 both before and after Truman's acquisition. In reviewing its acquisition, Truman assigned a $125,500 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. 1. 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 recelvables or payables. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a worksheet to consolidate the financlal statements of these two companles as of December 31,2021 . At year-end, there were no intra -entity receivables or payables. (For accounts where multiple consolidation entres are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the cradit column of the worksheet. Input all amounts as positive values.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ For Year Ending December 31,2021} \\ \hline & \multirow{2}{*}{\begin{tabular}{l} Truman \\ Company \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} Allanta \\ Company \end{tabular}} & \multicolumn{2}{|c|}{ Consolidation Entries } & \multirow{2}{*}{\begin{tabular}{c} Noncontrolling \\ Interest \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} Consolidated \\ Totals \end{tabular}} \\ \hline & & & Debit & Credit & & \\ \hline Revenues & $(768,485) & $(536,000) & 5268.0000 & & & $(1,036.485) \\ \hline Operating expenses & 418,000 & 378,000 & 12.5500 & 189,000 & & 619,5500 \\ \hline Net income of subsidiary & (46,515) & 0 & 46,5150 & & & 00 \\ \hline Separate company net income & $(397,000) & s (158,000) & & & & \\ \hline Consolidated net income & & & & & & $(416.935) \\ \hline Net income attritsutable to NCl & & & & & (19,935) & 19.935 \\ \hline Net incorne attributable to Truman & & & & & & 5(397,000) \\ \hline Retained eamings, 1/1/21 & s (884,000) & s(547,000) & 547,000 & & & (884,000) \\ \hline Net income & (397,000) & (158,000) & & & & (397.000) \\ \hline Dividends declared & 155,000 & 50,000 & & 425000 & 7,5000 & 155,000 \\ \hline Retained earnings, 12/31/21 & 5(1,126,000) & 5(655,000) & & & & 5(1.126,000) \\ \hline Current assots & 5542,585 & $423,000 & & & & 965.5850 \\ \hline Investment in Atlanta & 821,415 & 0 & 17,5000 & 838,915 & & 00 \\ \hline Land & 404,000 & 256,000 & & & & 660.000 \\ \hline Buildings & 742.000 & 690,000 & & & & 1,432,0000 \\ \hline Patent & & & 125,5000 & 12,5500 & & 112.9500 \\ \hline Goodwill & & & 85,5000 & & & 85,5000 \\ \hline Total assets & $2.510.000 & \& 1,369,000 & & & & 53,256,0350 \\ \hline Llabilites & $(884,000) & 5(394.000) & & & & \\ \hline Common stock & (95,000) & (300,000) & 300,000 & & & (95,000)0 \\ \hline Addifional paid in capital & (405,000) & (20,000) & 20,0000 & & & (405,000)0 \\ \hline Retained earnings, 12/31/21 & (1,126,000) & (655,000) & & & & (1,126,000)0 \\ \hline Noncontroling interest 7/1 & & & & 339.600 & (339.600) & \\ \hline Noncontrolling interest 12/3 i & & & & & (367.035) & (352,035)0 \\ \hline Total llabilsies and stockholders equity & 3(2510.000) & 5(1369.000) & 51,422,565 & 5 1,422,565 & & 5(3.256,035)0 \\ \hline \end{tabular}