Prime Corporation acquired 100 percent ownership of Steak Products Company on January 1, 20x1, for $200,000. On that date, Steak reported retained earnings of $50,000 and had $100,000 of common stock outstanding. Prime has used the equity method in accounting for its investment in Steak The trial balances for the two companies on December 31, 20x5, appear below. pped $ Steak Products Company Debit Credit $ 65,000 90,000 80,000 150,00 Book Prie Corporation Debit Credit 43,00 260, 80,000 See.ee 235,000 128,ete 25, eee 15,000 Cash & Receivables Inventory Land Buildings & Equipment Investment in Steak Products Cost of Goods Solo Depreciation Expert Inventory Losses Dividends Declared Accumulated Depreciation Accounts Payable Notes Payable Comhion Stock Retained Earnings Sales Income from Steak Products 50,000 15,800 5,000 1e, ee 30.000 rences $285, de be, 2ee, 3eeeee 318.COM 200.000 25 000 $1,308,000 $185,888 2e, cee se, eee lee, 98,800 180,00 $1,383, $465.ee 3465,00 Additional Information: 1. On the date of combination five years ago, the fair value of Steak's depreciable assets was $50,000 more than the book value. Accumulated depreciation at that date was $10,000. The differential assigned to depreciable assets should be written off over the follow ng 10 year period 2. There was $10,000 of intercorporate receivables and payables at the end of 20X5 Required: view transaction list Consolidation Worksheet Entries