Plano Company acquires an 60% interest in its Dallas for a purchase price of $800,760. The excess of the purchase price over the book value of the Dallas's Stockholders' Equity is allocated to a building (in PPE, net) that is worth $169,800 more than its book value, an unrecorded Patent that the parent valued at $100,000, and Goodwill of $280,000, 60% of which is allocated to the parent. Plano and Dallas report the following balance sheets on the acquisition date: Cash Plano $1,200,000 Dallas Plano Accounts receivable 1,278,000 Inventory Equity Investment 2,151,640 800,760 $240,000 Current Liabilities 192,000 Long-term Liabilities 220,000 Common Stock Dallas $600,000 $240,000 1,014,578 328,000 APIC 188,760 60,000 4,377,769 124,800 PPE, net 4,806,810 700,800 Retained Earnings $10,237,210 $1,352,800 4,056,103 600,000 $10,237,210 $1,352,800 Required Prepare the consolidation balance sheet on the acquisition date: Assets: Cash $ Accounts receivable Inventory Equity Investment PPE, net Patent Goodwill Total Assets Liabilities & Stockholders' Equity: Current Liabilities Long-term Liabilities Common Stock Consolidation 0 0 0 0 0 0 0 $ 0 $ APIC Retained Earnings Noncontrolling Interest Total Liabilities & Stockholders' Equity: $ 0 ooooo 0 0