Only need Part (a) to the question, thanks.

only need part A.

25271381908760 13.25271395090143d Tube homeople e Engrade Netbook On January 1, 2020, Pinnacle Corporation exchanged $3.424 500 cash for 100 percent of the outstanding voting stock of State Corporation on the custo de trata had the town Dance Sheet 5 Cash Accounts receivable Inventory Buildings in Licensing agreements Totalsts $ 118.000 313 000 372 000 1970 000 3.470 000 5 243.000 Accounts payable Long terdit Common stock Retained earning Totals and equity 378000 315.000 1 500 000 1 230 000 Pinnacle prepared the following far value allocation 55243 00 Fair value of Strata consideration transferred) Carrying amount acquired Excess fair value to buildings (undervalued) to licensing agreements (overvalued to goodwill definite life) $ 1.024 50 27301000 3 $ 370.000 120.000 2000 500 Al the acquisition date Stratas buildings had a 10-year remaining it and its engagement to pin years on December 31, 2021 Stats accounts payati medan $65.600 current ability owed to Pinnacle Strata Corporation continues separate legalence as a who owned diary of Prace with dependent accounting records de employs the initial value method in its internal accounting for investment in Stras The separate financial statements for the two companies for the year enang December 31, 2001. Credit bances we cae by se Strata (3.725000) 2.125.000 247.000 432.000 694000 $ 3 Pinnacle (7.178.000) $ 4.720.000 262 000 656 000 45.000 (1 505,000) $ 152350005 (1585.000 500.000 (6320.000) 200.00 1 560 000 1.500.000 3424 500 5.720.000 Sales Cost of goods sold Interest expense Depreciation expense Amortization expense Dividend Income Net income Retained earnings 1/121 Net Income Dividends declared Retained Earnings 12/31/21 Cash Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements Goodwill Total assets Accounts payable Long term debit Common stock Retained earnings 12/31/21 Total Liabilities and Owner's equity (227.000) 1.0.600) 227.000 45000 11685000) 300 000 335 000 1 270.000 5 2.098 000 2082 000 5 372 500 $ 12.842 500 5 15532500) 3 2 990 000 (3.000.000 16220 000) $ 12.842.500) 6.171.000 T500 (2.100.000 (1 500.000) 1626.000 (5.171.000) a. Prepare a worksheet to consolidate the financial information for these two companies b. Compute the following amounts that would appear on Pinnacles 2021 separate (nonconsolidated) financial records i Pinnacle's investment accounting was based on the equity method Subsidiary income Retained earnings, 1/1/21 Investment in Strata c. What effect does the parent's internat investment accounting method have on is consolidated financial statements? 11:23 AM re in the tabs below. 25271381908760 13.25271395090143d Tube homeople e Engrade Netbook On January 1, 2020, Pinnacle Corporation exchanged $3.424 500 cash for 100 percent of the outstanding voting stock of State Corporation on the custo de trata had the town Dance Sheet 5 Cash Accounts receivable Inventory Buildings in Licensing agreements Totalsts $ 118.000 313 000 372 000 1970 000 3.470 000 5 243.000 Accounts payable Long terdit Common stock Retained earning Totals and equity 378000 315.000 1 500 000 1 230 000 Pinnacle prepared the following far value allocation 55243 00 Fair value of Strata consideration transferred) Carrying amount acquired Excess fair value to buildings (undervalued) to licensing agreements (overvalued to goodwill definite life) $ 1.024 50 27301000 3 $ 370.000 120.000 2000 500 Al the acquisition date Stratas buildings had a 10-year remaining it and its engagement to pin years on December 31, 2021 Stats accounts payati medan $65.600 current ability owed to Pinnacle Strata Corporation continues separate legalence as a who owned diary of Prace with dependent accounting records de employs the initial value method in its internal accounting for investment in Stras The separate financial statements for the two companies for the year enang December 31, 2001. Credit bances we cae by se Strata (3.725000) 2.125.000 247.000 432.000 694000 $ 3 Pinnacle (7.178.000) $ 4.720.000 262 000 656 000 45.000 (1 505,000) $ 152350005 (1585.000 500.000 (6320.000) 200.00 1 560 000 1.500.000 3424 500 5.720.000 Sales Cost of goods sold Interest expense Depreciation expense Amortization expense Dividend Income Net income Retained earnings 1/121 Net Income Dividends declared Retained Earnings 12/31/21 Cash Accounts receivable Inventory Investment in Strata Buildings (net) Licensing agreements Goodwill Total assets Accounts payable Long term debit Common stock Retained earnings 12/31/21 Total Liabilities and Owner's equity (227.000) 1.0.600) 227.000 45000 11685000) 300 000 335 000 1 270.000 5 2.098 000 2082 000 5 372 500 $ 12.842 500 5 15532500) 3 2 990 000 (3.000.000 16220 000) $ 12.842.500) 6.171.000 T500 (2.100.000 (1 500.000) 1626.000 (5.171.000) a. Prepare a worksheet to consolidate the financial information for these two companies b. Compute the following amounts that would appear on Pinnacles 2021 separate (nonconsolidated) financial records i Pinnacle's investment accounting was based on the equity method Subsidiary income Retained earnings, 1/1/21 Investment in Strata c. What effect does the parent's internat investment accounting method have on is consolidated financial statements? 11:23 AM re in the tabs below