1. Pointure Company acquired 80 percent of Souby Companys outstanding common stock for $664,000 on January 1, 2019, when the book value of Soubys net assets was equal to $830,000. Pointure uses the equity method to account for investments. Trial Balance items for Pointure and Souby as of December 31, 2019, are as follows:

	Pointure		Souby
	Debit	Credit	Debit	Credit
Cash	125,000		70,000
Accounts Receivable	396,000		90,000
Inventory	450,000		200,000
Investment in Souby	868,000
Plant & Equipment	755,000		585,000
Other Assets	390,000		230,000
Dividends Declared	50,000		25,000
Revenue		1,140,000		800,000
Salaries Expenses	680,000		325,000
Other Expense	250,000		195,000
Accounts Payable		105,000		30,000
Other Liabilities		95,000		60,000
Common Stock		900,000		350,000
Retained Earnings		1,500,000		480,000
Income From Souby		224,000
Total	3,964,000	3,964,000	1,720,000	1,720,000

1. Prepare the journal entries on Pointures books for the acquisition of Souby on January 1, 2019, as well as any normal equity method entry(ies) related to the investment in Souby Company during 2019.

2. Give the elimination entry or entries needed to prepare consolidated Financial statements immediately following the business combination

3. Prepare a consolidation worksheet for 2019 in good form.