Priya Corporation acquired 100 percent of Sheldon Company stock on January 1, 2021 for $930,000 cash. Following are pre-closing trial balance amounts for Priya Corporation and Sheldon Company as of December 31, 2021: PRIYA CORPORATION | SHELDON CORPORATION Debit Credit Debit Credit Cash $771,400 $304,700 Accounts Receivable 294,000 197,000 Inventory 473,000 210,000 Investment in Sheldon Corp. 1,184,100 Buildings 625,000 292,500 Land 807,000 291,000 Equipment 315,000 345,000 Cost of Goods Sold 342,000 211,000 Depreciation Expense, Building 58,600 18,600 Depreciation Expense, Equipment 41,300 24,700 Selling & Administrative Expense 159,000 119,600 Dividends Declared 80,000 50.000 Accumulated Depreciation, Bldg $243.400 $74,4001 Accumulated Depreciation Equip 156,200 98,800 Accounts Payable 178,000 174,500 Bonds Payable 515,000 108,400 Common Stock $1 par) 659,000 290,000 Additional Paid in Capital 1.525,800 375,000 Retained Earnings (01/01/2021) 788,500 265,000 Sales 780,400 678,000 Income from Sheldon Corp. 304,100 $5,150,400 $5,150,400 $2,064,100 $2,064,100 Additional Information: 1. On January 1, 2021, the book values of Sheldon's net assets and liabilities approximated fair values. 2. Priya Corporation uses the equity method to account for its Investment in Sheldon Company. REQUIRED: ANSWER THE FOLLOWING QUESTIONS REGARDING THE BASIC CONSOLIDATION ENTRY. THE ENTRY WOULD INCLUDE: NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. A DEBIT TO COMMON STOCK (S) IN THE AMOUNT OF: A DEBIT TO ADDITIONAL PAID IN CAPITAL (S) IN THE AMOUNT OF A DEBIT TO RETAINED EARNINGS, 01/01/21 (S) IN THE AMOUNT OF: A DEBIT TO INCOME FROM SHELDON CORP. (P) IN THE AMOUNT OF: A CREDIT TO DIVIDENDS DECLARED (S) IN THE AMOUNT OF: A A CREDIT TO INVESTMENT IN SHELDON CORP. (P) IN THE AMOUNT OF