Pork Company owns 60 percent of Swine Corporations voting shares, purchased on May 17, 20X1, at book value. At that date, the fair value of the noncontrolling interest was equal to 40 percent of the book value of Swine Corporation. The companies permanent accounts on December 31, 20X6, contained the following balances:

	Pork				Swine
	Company				Corporation
Cash and Receivables		$	101,000			$	20,000
Inventory			80,000				40,000
Land			150,000				90,000
Buildings and Equipment			400,000				300,000
Investment in Swine Corp.			141,000
		$	872,000			$	450,000
Accumulated Depreciation		$	135,000			$	85,000
Accounts Payable			90,000				25,000
Notes Payable			200,000				90,000
Common Stock			100,000				200,000
Retained Earnings			347,000				50,000
		$	872,000			$	450,000

On January 1, 20X2, Pork paid $100,000 for equipment with a 10-year expected total economic life. The equipment was depreciated on a straight-line basis with no residual value. Swine purchased the equipment from Pork on December 31, 20X4, for $91,000. Assume Swine did not change the remaining estimated useful life of the equipment. Swine sold land it had purchased for $30,000 on February 23, 20X4, to Pork for $20,000 on October 14, 20X5. Assume Pork uses the fully adjusted equity method. Required: a. Prepare a consolidated balance sheet worksheet as of December 31, 20X6. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)

b. Prepare a consolidated balance sheet as of December 31, 20X6. (Be sure to list the assets and liabilities in order of their liquidity. Amounts to be deducted should be indicated by a minus sign.)