Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2018, for $791,520 cash. At the acquisition date, Sierras total fair value, including the noncontrolling interest, was assessed at $989,400 although Sierras book value was only $638,000. Also, several individual items on Sierras financial records had fair values that differed from their book values as follows:

	Book Value				Fair Value
Land	$	65,200			$	307,200
Buildings and equipment (10-year remaining life)		295,000				276,000
Copyright (20-year remaining life)		104,000				218,000
Notes payable (due in 8 years)		(187,000	)			(172,600	)

For internal reporting purposes, Padre, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2018, for both companies.

	Padre				Sierra
Revenues	$	(1,401,180	)		$	(647,000	)
Cost of goods sold		770,000				426,000
Depreciation expense		264,000				15,500
Amortization expense		0				5,200
Interest expense		50,700				5,300
Equity in income of Sierra		(151,520	)			0
Net income	$	(468,000	)		$	(195,000	)
Retained earnings, 1/1/18	$	(1,492,500	)		$	(478,000	)
Net income		(468,000	)			(195,000	)
Dividends declared		260,000				65,000
Retained earnings, 12/31/18	$	(1,700,500	)		$	(608,000	)
Current assets	$	998,460			$	681,500
Investment in Sierra		891,040				0
Land		349,000				65,200
Buildings and equipment (net)		944,000				279,500
Copyright		0				98,800
Total assets	$	3,182,500			$	1,125,000
Accounts payable	$	(205,000	)		$	(170,000	)
Notes payable		(527,000	)			(187,000	)
Common stock		(300,000	)			(100,000	)
Additional paid-in capital		(450,000	)			(60,000	)
Retained earnings (above)		(1,700,500	)			(608,000	)
Total liabilities and equities	$	(3,182,500	)		$	(1,125,000	)

At year-end, there were no intra-entity receivables or payables.

Using the acquisition method, prepare the worksheet to consolidate these two companies

account	padre	sierra	debit	credit	noncontrolling interest	consolidated totals