Power Company owns 90 percent of Pleasantdale Dairys stock. The balance sheets of the two companies immediately after the Pleasantdale acquisition showed the following amounts:

	Power Company		Pleasantdale Dairy
Assets
Cash & Receivables	$	133,000	$	74,000
Inventory		222,000		94,000
Land		80,000		44,000
Buildings & Equipment (net)		394,000		236,000
Investment in Pleasantdale Stock		263,700
Total Assets	$	1,092,700	$	448,000
Liabilities & Stockholders Equity
Current Payables	$	71,000	$	20,000
Long-Term Liabilities		255,700		165,000
Common Stock		388,000		61,000
Retained Earnings		378,000		202,000
Total Liabilities & Stockholders Equity	$	1,092,700	$	448,000

The fair value of the noncontrolling interest at the date of acquisition was determined to be $29,300. The full amount of the increase over book value is assigned to land held by Pleasantdale. At the date of acquisition, Pleasantdale owed Power $15,000 plus $1,100 accrued interest. Pleasantdale had recorded the accrued interest, but Power had not.

Required:

Prepare a consolidated balance sheet worksheet. (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.)

POWER COMPANY AND SUBSIDIARY Consolidated Balance Sheet Worksheet Consolidation Entries Pleasantdale Dairy Power Co. DR CR Consolidated Assets Cash and receivables Inventory Land Buildings and equipment (net) Investment in Pleasantdale Dairy Total Assets Liabilities & Equity Current payables Long-term liabilities Common stock Retained earnings NCI in NA of Pleasantdale Dairy Total Liabilities & Equity 16,100/ $ 134, 100 222,000 80,000 394,000 263,700 94,000 44,000 236,000 192,000 316,000 124,000 630,000 0 oX 263700 279,800 1,262,000 1,093,800 S 48,000 $ 20,000 $ 74,900 420,700 388,000 379,100 29,300 29,300 $ 1,292,000 71,000 255,700 388,000 0 165,000 61,000 202,000 0 202,000 29,300 S 1,093,800 $ 448,000$ 279,100 $