Prepare a consolidation worksheet for Giant and Small for the year ending December $31,2024.$

Note: For accounts where multiple consolidation 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. Input all amounts as positive values.

Show less $-$

$\backslash$table$[[$GIANT COMPANY AND SMALL COMPANY$],[$Consolidation Worksheet$],[$For Year Ending December $31,2024],[$Accounts$,$Giant,Small,Consolidation Entries,$\backslash$table$[[$Consolidated$],[$Totals$]]],[$Debit$,$Credit$],[$Revenues$,$$$(1,222,400),$$$(477,000),,,$$$,1,699,400],[$Cost of goods sold,$585,000,97,000,,,682,000],[$Depreciation expense,$173,500,208,000,,,],[$Equity income of Small,$(162,100),0,162,100,,00],[$Net income,$$(626,000),$$$(172,000),,,381,500\backslash$times $],[$Retained earning, $1/1/24,$$$(1,240,000),$$$(655,000),655,000,,(1,240,000)],[$Net income $($above$),(626,000),(172,000),,,381,500],[$Dividends declared,$300,000,110,000,,,410,000\backslash$times $],[$Retained earnings, $12/31/24,$$$(1,566,000),$$$(717,000),,,$$$,1,628,000\backslash$times $],[$Current assets,$$216,500,$$$337,000,,,553,5008],[$Investment in Small,$1,037,500,0,1,037,500$x$,1,199,600\backslash$times $,],[$Land$,427,000,257,000,,,684,000\backslash$times $],[$Buildings $($net$),287,000,436,000,,,723,000],[$Equipment $($net$),725,000,310,000,,,1,035,000\backslash$times $],[$Goodwill$,0,0,,,],[$Total assets,$$2,693,000,$$$1,340,000,,,$$$2,870,900\backslash$times $],[$Liabilities$,$$$(877,000),$$$(453,000),,,1,330,000\backslash$times $],[$Common stock,$(250,000),(170,000),,,1,628,000\backslash$times $],[$Retained earnings $($above$),(1,566,000),(717,000),,,1,628,000],[$Total liabilities and equity,$$(2,693,000),$$$(1,340,000),1,854,600,1,199,600,3,208,000\backslash$times $]]$