ONLY complete part A please

#8

Pretzel Corporation acquired 100 percent of Stick Company's outstanding shares on January 1,207. Balance sheet data for the two companies immediately after the purchase follow: As indicated in the parent company balance sheet, Pretzel purchased $62,000 of Stick's bonds from the subsidiary at par value immediately after it acquired the stock. An analysis of intercompany receivables and payables also indicates that the subsidiary owes the parent $14,000. On the date of combination, the book values and fair values of Stick's assets and liabilities were the same. Required: a. Prepare all consolidation entries needed to prepare a consolidated balance sheet for January 1,207. b. Complete a consolidated balance sheet worksheet. c. Prepare a consolidated balance sheet. Complete this question by entering your answers in the tabs below. Prepare all consolidation entries needed to prepare a consolidated balance sheet for January 1,207. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fiald Prepare all consolidation entries needed to prepare a consolidated balance sheet for January 1,207. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fiel A Record the basic consolidation entry. B Record the excess value (differential) reclassification entry. C Record the entry to eliminate the intercompany accounts for Bonds Payable. D Record the entry to eliminate the remaining intercompany accounts. E Record the optional accumulated depreciation consolidation entry. Note: = journal entry has been entered