Plaza, Inc., acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2021, in exchange for $1,079,300 cash. At the acquisition date, Stanford's total fair value, including the noncontrolling interest, was assessed at $1,349,125. Also at the acquisition date, Stanford's book value was $565,100. Several individual items on Stanford's financial records had fair values that differed from their book values as follows: Book Value Fair Value Trade names (indefinite life) $292,900 $439,200 Property and equipment (net, 8-year remaining life) 241,600 260,000 Patent (14-year remaining life) 140,400 182,400 For internal reporting purposes, Plaza, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2021, for both companies. Revenues Cost of goods sold Depreciation expense Amortization expense Equity in income of Stanford Net income Plaza $ (938,600) 518,900 219,900 0 (271,200) $ (471,000) Stanford $(719,980) 322,400 30,200 23,000 @ $(344,300) $(1,038,800) (471,000) 244,500 ${1,265,300) $ (431, 100) (344,300) 23,000 $ 752,400) Retained earnings, 1/1/21 Net income Dividends declared Retained earnings, 12/31/21 Current assets Investment in Stanford Trade names Property and equipment (net) Patents Total assets $ $ 351,700 780,600 1,332,100 195,600 839,500 292,900 211,400 117,480 $973,400 $ 3,067,800 Accounts payable Common stock Additional paid-in capital Retained earnings (above) Total liabilities and equities $ (115,800) (244,500) (1,442,200) (1,265,300) $13,067,800) $ (87,000) (88,000) (46,000) (752,400) $(973, 400) At year-end, there were no intra-entity receivables or payables. Prepare a worksheet to consolidate the financial statements of Plaza, Inc., and its subsidiary Stanford. (For accounts where a