Party Corporation acquired a 100% interest in Salta Company on January 1, 2020, paying OMR170,000. Financial statement data for the two companies for the year ended December 31, #2020 follow: 2020 Income Statement Pasta OMR Salta OMR Sales 480,000 160,000 Cost of goods sold 295,000 110,000 Other expense 50,000 32,000 Dividend income 4,000 0 Retained earnings Balance, 1/1 82,000 21,000 Net income 139,000 18,000 Dividends declared 18,000 4,000 Statement of Financial Position Cash 92,000 45,000 Accounts receivable 78,000 60,000 Inventory 53,000 42.000 Investment in Salta Company 150,000 0 Land 5,000 14,000 Total assets 378,000 161,000 Accounts payable 35,000 16,000 Common stock 140,000 110,000 Retained earnings 203,000 35,000 Total equity and liabilities 378,000 161,000 Required: Prepare a workpaper for the preparation of consolidated financial statements on December 31, 2020. Any difference between the book value of equity acquired and the value implied by the purchase price relates to subsidiary land