Power Corporation acquired 100 percent ownership of Scrub Company on February 12,209. At the date of acquisition, Scrub Company reported assets and liabilities with book values of $434,000 and $171,000, respectively, common stock outstanding of $92,000, and retained earnings of $171,000. 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 $288,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries Record the basic consolidation entry. Note: Enter debits before credits. Consolidation Worksheet Entries Record the excess value (differential) reclassification entry. Note: Enter debits before credits. b. 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 $259,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the basic consolidation entry. Note: Enter debits before credits. Record the excess value (differential) reclassification entry. Note: Enter debits before credits