Piug Products owns 80 percent of the stock of Spark. Fiter Company. Which it acquifed at underiving book value on Auggust 30,206, At that dote, the fair value of the noncontroiling intorest was equal to 20 percent of the book value of Spark Fstec. Summarized trial. bslance data for the two companies as of Decomber 31,208, aie as follows: On January 1. 20x8. Plug's imventory cantained fillers purchased for $73,000 from Spark Filter, which had produced the fiters for $53,000, In 20x8, Spark Fiter spent \$113,000 to produce additional fiters, which it sold to Plug for $155,642. By December 31,208, Plug had sold alf fiters that had been on hand Jonuary 1, 20x8, but continued te hoid in inventory 546,692 af the 208 purchase from Spark Fiter. Aequitred; A. Prepare as consalidation entries needed to complete a consoldation worksheet for 208 Notes if no entry is required for a transactionievent, seleet "No journal entry required" in the first account fleid. b. Compute consolidated net income and income assigned to the controlling interest in the 208 consolidated income statement. c. Compute the balance assigned to the noncontrolling interest in the consolidated balance sheet as of December 31,208. Piug Products owns 80 percent of the stock of Spark. Fiter Company. Which it acquifed at underiving book value on Auggust 30,206, At that dote, the fair value of the noncontroiling intorest was equal to 20 percent of the book value of Spark Fstec. Summarized trial. bslance data for the two companies as of Decomber 31,208, aie as follows: On January 1. 20x8. Plug's imventory cantained fillers purchased for $73,000 from Spark Filter, which had produced the fiters for $53,000, In 20x8, Spark Fiter spent \$113,000 to produce additional fiters, which it sold to Plug for $155,642. By December 31,208, Plug had sold alf fiters that had been on hand Jonuary 1, 20x8, but continued te hoid in inventory 546,692 af the 208 purchase from Spark Fiter. Aequitred; A. Prepare as consalidation entries needed to complete a consoldation worksheet for 208 Notes if no entry is required for a transactionievent, seleet "No journal entry required" in the first account fleid. b. Compute consolidated net income and income assigned to the controlling interest in the 208 consolidated income statement. c. Compute the balance assigned to the noncontrolling interest in the consolidated balance sheet as of December 31,208