Plaza, Incorporated, acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2024, in exchange for $1,078,700 cash. At the acquisition date, Stanford's total fair value, including the noncontrolling interest, was assessed at $1,348,375. Also at the acquisition date, Stanford's book value was $531,400. 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. 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. Required: Prepare a worksheet to consolidate the financial statements of Plaza, Incorporated, and its subsidiary Stanford. \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{9}{|c|}{ For Year Ending December 31, 2024} \\ \hline \multirow{2}{*}{ Accounts } & \multirow{2}{*}{\multicolumn{2}{|c|}{ Plaza }} & \multirow{2}{*}{\multicolumn{2}{|c|}{ Stanford }} & \multicolumn{2}{|c|}{ Consolidation Entries } & \multirow{2}{*}{NoncontrollingInterest} & \multirow{2}{*}{ConsolidatedTotals} \\ \hline & & & & & Debit & Credit & & \\ \hline Cost of goods sold & & 489,900 & & 298,400 & & & & \\ \hline Depreciation expense & & 207,700 & & 27,100 & & & & \\ \hline Net income & $ & (435,800) & $ & (313,800) & & & & \\ \hline \multicolumn{9}{|l|}{ Consolidated net income } \\ \hline \multicolumn{9}{|c|}{ Noncontrolling interest share of consolidated net income } \\ \hline \multicolumn{9}{|l|}{ Plaza share of consolidated net income } \\ \hline Retained earnings, 1/1/24 & $ & (961,200) & $ & (399,300) & & & & \\ \hline Current assets & $ & 648,500 & $ & 325,600 & & & & \\ \hline Investment in Stanford & & 1,304,300 & & 0 & & & & \\ \hline Tradenames & & 181,000 & & 271,200 & & & & \\ \hline Property and equipment (net) & & 776,800 & & 189,700 & & & & \\ \hline Patents & & 0 & & 121,700 & & & & \\ \hline \multicolumn{9}{|l|}{ Goodwill } \\ \hline Total assets & $ & 2,910,600 & $ & 908,200 & & & & \\ \hline Accounts payable & & (107,100) & & (90,000) & & & & \\ \hline Common stock & & (226,200) & & (96,000) & & & & \\ \hline Additional paid-in capital & & (1,406,400) & & (36,100) & & & & \\ \hline \end{tabular}