Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Company reported assets and liabilities with book values of $430,000 and $170,000, respectively, common stock outstanding of $98,000, and retained earnings of $162.000. The book values and fair values of Scrub's assets and liabilities were identical except for land, which had increased in value by $17,000, and inventories, which had decreased by $6,000. Required: a. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $285,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction st Consolidation Worksheet Entries < 4 B Record the basic consolidation entry exter des befor Eve Accounts Debit Credit Chan entry