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	$	146,000	$	88,000
Inventory		221,000		108,000
Land		80,000		59,000
Buildings & Equipment (net)		391,000		228,000
Investment in Pleasantdale Stock		277,200
Total Assets	$	1,115,200	$	483,000
Liabilities & Stockholders Equity
Current Payables	$	80,000	$	21,000
Long-Term Liabilities		261,200		184,000
Common Stock		392,000		63,000
Retained Earnings		382,000		215,000
Total Liabilities & Stockholders Equity	$	1,115,200	$	483,000

The fair value of the noncontrolling interest at the date of acquisition was determined to be $30,800. The full amount of the increase over book value is assigned to land held by Pleasantdale. At the date of acquisition, Pleasantdale owed Power $13,000 plus $1,100 accrued interest. Pleasantdale had recorded the accrued interest, but Power had not.

Power Company & Subsidiary
Consolidated Balance Sheet Worksheet
Consoliation Entries Pleasantdale
Assets	Power Co.	Dairy	DR	CR	Consolidated
Cash and recievables
Inventory
Land
Buildings & Equip (NET)
Investment in Pleasantdale Dairy
Total Assets
Liability & Equity
Current payables
Long-term liabilities
Common Stock
Retained earnings
NCI in NA of Pleasantdale Dairy
Total Liabilities & Equity