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: 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 Solo 125,000 195,000 0 150,000 125,000 80,000 15,000 690,000 35,000 150,000 35,000 60,000 410,000 0 690,000 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