Plaza, Inc., acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2021, in exchange for $920700 cash. At the acquisition date, Stanford's total fair value, including the noncontrolling interest, was assessed at $1,150,875 Also at the acquisition date, Stanford's book value was $492,500 Several individual items on Stanford's financial records had fair values that differed from their book values as follows: Book Value Yair Value Trade names indefinite lite) $253,300 $371,100 Property and equipment (net. 8-year remaining life) 208, 800 227,200 Patent (14-year remaining 1ste) 119,800 152.000 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. 5 Revenues Cost of goods sold Depreciation expense Amortization expense Equity in income of Stanford Net Income Piata (782,200) 432,400 183,300 0 (240.800 (407,300) Stanford $630, 400) 278, 800 26.100 19,900 D $ (305,500) $ Retained earnings, 1/1/21 Net ineon Dividends declared Metained earnings 12/31/21 $ 1898,100) (407,300) 211,400 $11,094,200) 5372.900) (305,500) 23,000 $1655.500) $ 304,200 Current Aneta Investment in Stanford Trade nanes Property and equipment (net) Patents Total asset 605, 900 1,143,100 169,200 726,200 253,300 182.700 99.900 $ 840.100 $ 2,644,400 counts payable Common stock Additional paid in capital Retained earnings (above) Total abilities and equities $ (100,100) (211.400) (1,238,700) 1.094,200 (2,644,400) $ 65,000 (114,000) (5,600) (655,500) (840,1003 At year end, there were no intra-ently receivables or payables. Prepare a worksheet to consolidate the financial statements of Plaza, Inc, and its subsidiary Stanford. (For accounts where multiple consolidation 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. Input all amounts as positive values.)