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On Jenusry 1, 2020, Mcllroy, Inc., scquired a 60 percent interest in the common stock of Stinson, Inc., for $372000. Stinson's book value on that date consisted of common stock of $100,000 and retained earnings of $220,000. Also, the acquisition-date fair value of the 40 percent noncontrolling interest was $248,000. The subsidiary held potents (with a 10-year remaining life) that were undervolued within the compeny's accounting records by $70,000 and an unrecorded customer list (15-year remaining life) assessed at a $45,000 fair volue. Any remaining excess acquisition-date fair volue wos assigned to goodwill. Since acquisition, Mcilloy has applied the equity method to its Investment in Stinson account and no goodwill impoirment has occurred. At year-end, there are no intra-entity poyables or receivables. Intra-entity inventory sales between the two componies have been mode as follows: The individual financial statements for these two companies as of December 31,2021 , and the year then ended follow: (Note: Parentheses indicate a credit bolance.) a. Show how Mcllroy determined the \$411,000 Investment in Stinson account bolance. Assume that Mcllroy defers 100 percent of downstream intro-entity profits against its share of Stinson's income. b. Prepare a consolidated worksheet to determine appropriate balances for external financial reporting as of December 31,2021. Complete this question by entering your answers in the tabs below. Show how Mcilroy determined the \$411,000 Investment in Stinson account balance. Assume that Mcilroy defers 100 percent of downstream intra-entity profits against its share of Stinson's income. (Amounts to be deducted should be indicated with a minus sign.) a. Show how Mcllroy determined the \$411,000 Investment in Stinson account bulance. Assume that Mcllroy defers 100 percent of downstream intro-entity profits against its share of Stinson's income. b. Prepare a consolidated worksheet to determine sppropriate balances for external financial reporting as of December 31 , 2021. Complete this question by entering your answers in the tabs below. Prepare a consolidated worksheet to determine appropriate balances for external financial reporting as of December 31 , 2021 . (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.)