Padre, Inc, buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2021, for $736,960 cash. At the acquisition date, Sierra's total fair value, including the noncontrolling interest, was assessed at $921,200 although Sierra's book value was only $634,000. Also, several individual items on Sierra's financial records had fair values that differed from their book values as follows: \begin{tabular}{lrr} Land & Gook value & Fair Value \\ Buildings and equipment (10-year remaining 1ife) & $60,800 & $237,800 \\ Copyright (20-year remaining 1ife) & 301,000 & 208,000 \\ Notes payable (due in 8 years) & 177,000 & 305,000 \\ \hline \end{tabular} For internal reporting purposes, Padre, Inc, employs the equity method to account for this investment. The following account belances are for the year ending December 31, 2021, for both companies. At year-end, there were no intra-entity receivables or payables. Prepore a worksheet to consolidore the financial statements of these two companies. (For accounts where multiple consalidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similerly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all smounts as positive values.) PADRE INC., AND SIERRA CORPORATION Consolidated Worksheet For Year Ending December 31, 2021