Pied Corporation purchased 90 percent of Treachy Companys voting common shares on January 1, 20X2, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 10 percent of the book value of Treachy Company. Pied also purchased $95,000 of 6 percent, five-year bonds directly from Treachy on January 1, 20X2, for $99,000. The bonds pay interest annually on December 31. The trial balances of the companies as of December 31, 20X4, are as follows:

	Pied Corporation		Treachy Company
Item	Debit	Credit	Debit	Credit
Cash & Receivables	31,000		45,600
Inventory	173,000		85,000
Buildings & Equipment	418,000		254,000
Investment in Treachy Company Stock	119,970
Investment in Treachy Company Bonds	96,600
Cost of Goods Sold	69,000		62,800
Depreciation Expense	18,000		13,000
Interest Expense	15,700		4,900
Dividends Declared	28,000		18,000
Accumulated Depreciation		128,000		68,000
Current Payables		100,200		86,700
Bonds Payable		195,000		95,000
Bond Premium				1,600
Common Stock		100,000		60,000
Retained Earnings		229,000		30,000
Sales		157,000		142,000
Interest Income		4,900
Income from Treachy Company Stock		55,170
Total	969,270	969,270	483,300	483,300

Required:

1. Prepare the journal entry or entries for 20X4 on Pieds books related to its investment in Treachy Company stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2. Prepare the journal entry or entries for 20X4 on Pieds books related to its investment in Treachy Company bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
3. Prepare the journal entry or entries for 20X4 on Treachys books related to its bonds payable and the consolidation entries needed to complete a consolidated worksheet for 20X4 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
4. Prepare a three-part consolidated worksheet for 20X4. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)