Poco Company purchased 80% of Solo Company's common stock on January 1, 2017, for $250,000. On December 31, 2017, the companies prepared the following trial balances: Solo 125,000 195,000 Poco Cash 161,500 Inventory 210,000 Investment in Solo Company | 402,000 Land 75,000 Cost of Goods Sold 410,000 Other expense 100,000 Dividend Declared 30,000 Total Debits 1,388,500 Account Payable 154,500 Common Stock 200,000 Other contributed capital 60,000 Retained earnings, 1/1 50,000 Sales 760,000 Equity in Subsidiary Income 164,000 Total 1,388,500 150,000 125,000 80,000 15,000 690,000 35,000 150,000 35,000 60,000 410,000 690,000 Required: Prepare a consolidated statements workpaper on December 31, 2017, using the equity method. Any difference between book value and the value implied by the purchase price relates to goodwill. Foru