Parent acquired 100% of Subsidiary on January 1, 2019 for $1,750,000. The $440,000 excess of cost over book value of Subsidiary's net assets was partly attributable to a patent undervalued by $210,000. The patent has a 10-year life. The remaining excess is considered goodwill. The parent uses the cost method of pre-consolidation Equity investment bookkeeping. The separate financial statements of the two companies for 2022 are presented below. Neither company issued additional shares after the acquisition. Additional information for 20192021 : Subsidiary's Net Income Dividends Paid (Sub to Parent) \begin{tabular}{|r|r|r|} \multicolumn{1}{|c|}{2019} & \multicolumn{1}{|c|}{2020} & \multicolumn{1}{c|}{2021} \\ \hline 80,000 & 90,000 & 105,160 \\ 50,000 & 60,000 & 65,000 \\ \hline \end{tabular} Required: a. Prepare the Consolidation worksheet for 2022. Show all necessary calculations. Parent acquired 100% of Subsidiary on January 1, 2019 for $1,750,000. The $440,000 excess of cost over book value of Subsidiary's net assets was partly attributable to a patent undervalued by $210,000. The patent has a 10-year life. The remaining excess is considered goodwill. The parent uses the cost method of pre-consolidation Equity investment bookkeeping. The separate financial statements of the two companies for 2022 are presented below. Neither company issued additional shares after the acquisition. Additional information for 20192021 : Subsidiary's Net Income Dividends Paid (Sub to Parent) \begin{tabular}{|r|r|r|} \multicolumn{1}{|c|}{2019} & \multicolumn{1}{|c|}{2020} & \multicolumn{1}{c|}{2021} \\ \hline 80,000 & 90,000 & 105,160 \\ 50,000 & 60,000 & 65,000 \\ \hline \end{tabular} Required: a. Prepare the Consolidation worksheet for 2022. Show all necessary calculations