Please help me answer the question in the attached file.

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On January 1, 2013, Mona Inc. acquired 80 percent of Lisa Company's common stock as well as 60 percent of its preferred Mona paid $65,000 in cash for the preferred stock , with a call value of 110 percent of the $50 per share value. The remain percent of the preferred shares traded at a $34,000 fair value. Mona paid $552,800 for the common stock. At the acquisi date, the noncontrolling interest in the common stock had a fair value of $138,200. The excess fair value over Lisa's book v was attributed to franchise contracts of $40,000. This intangible asset is being amortized over a 40-year period. Lisa pays a preferred stock dividends (a total of $8,000 per year) on an annual basis. During 2013, Lisa's book value increased $50,000 On January 2, 2013, Monnna acquired one-half of Lisa's outstanding bonds payable to reduce the business commbination's position. Lisa's bonds had a face value of $100,000 and paid cash interest of 10 percent per year. These bonds had been is to the public to yield 14 percent. Interest is paid each December 31. On January 2, 2013 these bonds had a total $88,350 b value. Mona paid $53,310, indicating an effective interest rate of 8 percent. On January 3, 2013, Mona sold Lisa fixed assets that had originally cost $100,000 but had accumulated depreciation of $60 when transferred. The transfer was made at a price of $120,000. These assets were estimated to have a remaining useful of 10 years. The individual financial statements for these two companies for the year ending December 31, 2014, are as follows: Sales and other revenues Expenses Dividend income - Lisa common stock Dividend income - Lisa preferred stock Net income Mona Inc. Lis Company $ (500,000) $ (200,000) 220,000 120,000 (8,000) (4,800) $ (292,800) $ (80,000) Retained Earnings 1/1/14 Net income (above) Dividends declared - common stock Dividends declared - preferred stock Retained Earnings 12/31/14 $ Current Assets Investment in Lisa - common stock Investment in Lisa - preferred stock Investment in Lisa - bonds Fixed assets Accumulated deprreciation Total assets $ Accounts payable Bonds payable Discount on bonds payable Common stock Preferred stock Retained earnings 12/31/2014 Total liabilities and equities $ $ (700,000) $ (292,800) 92,800 (900,000) $ (500,000) (80,000) 10,000 8,000 (562,000) 130,419 $ 552,800 65,000 51,781 1,100,000 (300,000) 1,600,000 $ 500,000 800,000 (200,000) 1,100,000 $ (400,000) $ (144,580) (100,000) 6,580 (300,000) (200,000) (100,000) (900,000) (562,000) $ (1,600,000) $ (1,100,000) a. What consolidation worksheet adjustments would have been required as of January 1, 2013, to eliminate the subsidiary common and preferred stock? b. What consolidation worksheet adjustments would have been required as of December 31, 2013 to account for Mona's purchase of Lisa's bonds? c. What consolidation worksheet adjustments would have been required as of December 31, 2013 to account for the intra entity sale of fixed assets? d. Assume that consolidated financial statements arre being prepared for the year ending December 31, 2014. Calculate t consolidated balance for each of the following accounts: Franchises Fixed Assets Accumulated depreciation Expenses percent of its preferred shares. share value. The remaining 40 on stock. At the acquisitiion value over Lisa's book value -year period. Lisa pays all value increased $50,000. business commbination's debt These bonds had been issued nds had a total $88,350 book ated depreciation of $60,000 have a remaining useful life 4, are as follows: eliminate the subsidiary's to account for Mona's to account for the intra- er 31, 2014. Calculate the