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 $437,000 and $180,000, respectively, common stock outstanding of $96,000, and retained earnings of $161,000. The book values and fair values of Scrub's assets and liabilities were identical except f land, which had increased in value by $22,000, 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 $282,000. 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 $253,000. Answer is not complete. Complete this question by entering your answers in the tabs below. 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 $253,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 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 $282,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field