Plaza, Inc., acqures 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2018, in exchange for $892,000 cash. At the acquisition date, Stanford's total fair value, including the noncontrolling interest, was assessed at $1,115,000. Also at the acquisition date, Stanford's book value was $535,100. Several individual items on Stanford's financial records had fair values that differed from their book values as follows: Book Value $ 294,200 Fair Value $ 340,500 Tradenames (indefinite life) Property and equipment (net, 8-year remaining life) Patent (14-year remaining life) 238,400 111,500 259,200 150,700 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, 2018, for both companies. $ Plaza (775,500) 428,700 181,700 Revenues Cost of goods sold Depreciation expense Amortization expense Equity in income of Stanford Net income Stanford $ (767,100) 323,800 29,800 23,100 $ (308,000) (473,100) $ (390,400) Retained earnings, 1/1/18 Net income Dividends declared Retained earnings, 12/31/18 $(1,043,400) (473,100) 245,600 $(1,270,900) $ (433,100) (390,400) 26,000 $ (797,500) $ 353,300 Current assets Investment in Stanford Tradenames Property and equipment (net) Patents Total assets $ 703,700 1,179,200 196,500 843,400 a $ 2,922,800 294,200 208,600 88,400 $ 944,500 Accounts payable Common stock Additional paid-in capital Retained earnings (above) Total liabilities and equities $ (116,300) (245,600) (1,290,000) (1,270,900) $(2,922,800) $ (45,000) (90,000) (12,000) (797,500) $ (944,500) 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 multiple