Plaza Corporation purchased 70 percent of Square Company's voting common stock on January 1. 20X5, for $291,200. On that date, the noncontrolling interest had a fair value of $124,800 and the book value of Square's net assets was $380,000. The book values and fair values of Square's assets and liabilities were equal except for land that had a fair value $14.000 higher than book value. The amount attributed to goodwill as a result of the acquisition is not amortized and has not been impaired. PLAZA CORPORATION AND SQUARE COMPANY Trial Balance Data December 31. 20X9 Plaza Corporation Square Company Item Debi Credit Debit Credit Cash and Receivables $ 81.300 $ 85,000 Inventory 200,000 110,000 Land, Buildings, & Equipment (net) 270,000 250,000 Investment in Square Company 290,200 Cost of Goods & Services 200,000 150,000 Depreciation Expense 40,000 30.000 Dividends Declared 35.000 5.000 Sales & Service Revenue $ 300,010 $200,000 Income from Square Company 24.500 Accounts Payable 60.D00 30,D00 Common Stock 200,000 150,000 Retained Earnings 532.000 250,000 Total $1.116,500 $1.116,500 $630,000 $630,000 On January 1, 20X9. Plaza's inventory contained $30.000 of unrealized intercompany profits recorded by Square. Square's inventory on that date contained $15,000 of unrealized intercompany profits recorded on Plaza's books. Both companies sold their ending 20X8 inventories to unrelated companies in 20X9. During 20X9. Square sold inventory costing $37.000 to Plaza for $62,000. Plaza held all inventory purchased from Square during 20X9 on December 31, 20X9. Also during 20X9, Plaza sold goods costing $54,000 to Square for $90.000. Square continues to hold $20.000 of its purchase from Plaza on December 31, 20X9. Assume Plaza uses the fully adjusted equity method. Required a. Prepare all consolidation entries needed to complete a consolidation worksheet as of December 31, 20X9. b. Prepare a consolidation worksheet as of December 31, 20X9