plz ans

On May 1, 2021. Manama Co, acquired all of the voting shares of Sitra Co. by issuing 25,000 shares of S2 par value and S22 fair value each and $2.500 in stock issuance costs. Manama and Sitra reported the following account balances. Assume that Sitra's building was overvalued by 538,200 and equipment was undervalued by $50.800 Partial Consolidated Worksheet Sheet Consolidation Entries Sitra Manama Account Credit Debit $78,300 $342,200 Current assets 0 ? Investment in Sitra Co 209,000 411,500 Building 307.000 34,700 Equipment 2 0 Goodwill $594 200 $138.400 Total assets (334300) (438,400) Liabilities 190.000) (100,000) Common stock 0 200.000) Additional paid in capital (170.000) (600.000) Retained earning 3594,300 $1,338.400 Total liabilities and equity Hequired: (7 points) Prepare the journal entry to record Manama investment in Sitra Co. (Please leave a line between entries) 1 Prepare consolidation entries and 'A' that are necessary to complete the worksheet (Please leave a line between entries Explain why a subsidiary's revenues and expenses are not consolidated on date of con - . AT + FT AT + FN + F1a