Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 20X2, for $109,200. At that date, the noncontrolling interest had a fair value of $46,800 and Soda reported $71,000 of common stock outstanding and retained earnings of $30,000. The differential is assigned to buildings and equipment, which had a fair value $20,000 higher than book value and a remaining 10-year life, and to patents, which had a fair value $35,000 higher than book value and a remaining life of five years at the date of the business combination. Trial balances for the companies as of December 31, 20X3, are as follows:

Item	Pop Corporation		Soda Company
	Debit	Credit	Debit	Credit
Cash and Accounts Receivable	$ 20,400		$ 26,600
Inventory	170,000		40,000
Land	85,000		45,000
Buildings and Equipment	390,000		265,000
Investment in Soda Company	113,920
Cost of Goods Sold	191,000		84,800
Depreciation Expense	25,000		20,000
Interest Expense	21,000		7,200
Dividends Declared	35,000		20,000
Accumulated Depreciation		$ 145,000		$ 90,000
Accounts Payable		97,400		40,000
Bonds Payable		260,400		100,000
Bond Premium				2,600
Common Stock		125,000		71,000
Retained Earnings		132,900		65,000
Sales		265,000		140,000
Other Income		14,600
Income from Soda Company		11,020
	$ 1,051,320	$ 1,051,320	$ 508,600	$ 508,600

On December 31, 20X2, Soda purchased inventory for $35,000 and sold it to Pop for $50,000. Pop resold $30,000 of the inventory (i.e., $30,000 of the $50,000 acquired from Soda) during 20X3 and had the remaining balance in inventory at December 31, 20X3.

During 20X3, Soda sold inventory purchased for $56,000 to Pop for $80,000, and Pop resold all but $23,000 of its purchase. On March 10, 20X3, Pop sold inventory purchased for $15,000 to Soda for $30,000. Soda sold all but $7,500 of the inventory prior to December 31, 20X3. Assume Pop uses the fully adjusted equity method, that both companies use straight-line depreciation, and that no property, plant, and equipment has been purchased since the acquisition.

Prepare a three-part consolidation worksheet for 20X3.