Plug Products owns $80$ percent of the stock of Spark Filter Company, which it acquired at underlying book value on August $30,206.$

At that date, the fair value of the noncontrolling interest was equal to $20$ percent of the book value of Spark Filter. Summarized trial

balance data for the two companies as of December $31,20$X$8,$ are as follows:

On January $1,20$X$8,$ Plug's inventory contained filters purchased for $$63,000$ from Spark Filter, which had produced the filters for

$$43,000.$ In $208,$ Spark Filter spent $$103,000$ to produce additional filters, which it sold to Plug for $$150,907.$ By December $31,208,$

Plug had sold all filters that had been on hand January $1,208,$ but continued to hold in inventory $$45,272$ of the $208$ purchase from

Spark Filter.

Required:

a$.$ Prepare all consolidation entries needed to complete a consolidation worksheet for $208.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Answer is not complete.

b$.$ Compute consolidated net income and income assigned to the controlling interest in the $208$ consolidated income statement.

c$.$ Compute the balance assigned to the noncontrolling interest in the consolidated balance sheet as of December $31,208.$