Part ItI (46 Pain ts tetal 19) (5 Points) On January 1 aequired l00 percent of Standard Company's common shares at method im accounting for its ownership of Standard. On vahelgina Campan December 31, 20x9, the trial balances of the two companies Credit urrent Assets 5238,00 tandard Co ther Ex Depreciation Expense Dividends Declared ccumulated Depreciation urrent Liabilities 30,00 32,000 S120,00 $85,000 50,00 120,00 100,000 175,00 200,00 25,000 0,00 50,000 50,00 35,000 112,000 ong-Term Debt ommon Stock Retained Earnings Sales Income from Standard Co. $790,000 $790,000 $362,000 S362,000 Required: Prepare the consolidation entries needed as of December 31, 20x9, to complete a consolidation worksheet