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Please help. 6 value 16.67 points Clean Air Products owns 80 percent of the stock of Superior Filter Company, which it acquired at undertying book

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6 value 16.67 points Clean Air Products owns 80 percent of the stock of Superior Filter Company, which it acquired at undertying book value on August 30, 20X6 At that date, the fair value of the noncontroling interest was equal to 20 percent of the book value of Superior Filter. Summarized trial balance data for the two companies as of December 31, 20x8, are as follows Clean Air Products Superior Filter Company Debit 125,000 Debit Credit Credit Cash and Accounts Receivable S 103,000 S 152,000 233,000 283,000 263 200 171,000 45,000 185,000 Buidings & Equipment (net) Investment in Superios Filter Stock Cost of Goods Sold Depreciation Expense Current Liablities Common Stock Retained Earnings Sales Income from Subsidiary 136,0 35,000 $ 192,400 83,000 455,000 272,000 44,800 69,000 88,000 205,000 222,000 Total $1,147, 200 1,147.200 584.000 84,000 On January 1, 20x8, Clean Airs inventory contained filters purchased for $71,000 from Superior Fiter, which had produced the filters for $51,000 In 20XB, Superior Filter spent $111,000 to produce additional filters, which it sold to Clean Air for $161,000. By December 31, 20x8, Clean Air had sold all fiters that had on hand January 1, 20x8, but continued to hold in inventory $48,300 of the 20X8 purchase from Superior Fiter Required: a. Prepare all consolidation entries needed to complete a consolidation worksheet for 20X8 (If no en required for a transactionievent, select"No journal entry required" in the first account field.)

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