Plaza, Incorporated, acquires $80$ percent of the outstanding common stock of Stanford Corporation on January $1,2024,$ 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:

For internal reporting purposes, Plaza, Incorporated, employs the equity method to account for this investment. The following account

balances are for the year ending December $31,2024,$ for both companies.

At year$-$end, there were no intra$-$entity receivables or payables.

Required:

Prepare a worksheet to consolidate the financial statements of Plaza, Incorporated, and its subsidiary Stanford.