price of Stake's shares at the tme of the stock dividend is $50. Stake reports net income of $34,000 and pays a $12,500 cash dividend in 203. Pole Company acquired 70 percent of Stake's common shares at book value on January 1, 20X1. At that date, the fair value of the noncontrolling interest was equal to 30 percent of Stake's book value. Pole uses the equity method in accounting f its irivestment in Stake. Required: a. Prepare the journal entries recorded by Stake and Pole at the time the stock dividend is declared and distributed b. Prepare the worksheet consolidation entries needed to prepare consolidated financial statements for 203. c. Prepare the worksheet consolidation entry needed to prepare a consolidated balance sheet on January 1,204