Priya Corporation acquired 100 percent of Sheldon Company stock on January 1, 2021 for $1,160,600 cash. Following are pre-closing trial balance amounts for Priya Corporation and Sheldon Company as of December 31, 2021: Cash Accounts Receivable Inventory PRIYA CORPORATION SHELDON COMPANY Debit Credit Debit Credit $ 540,800 $ 304,700 294,000 197,000 473,000 210,000 Investment in Sheldon Corp. 1,373,400 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 Accumulated Depreciation, Bldg Accumulated Depreciation, Equip 80,000 50,000 $ 243,400 $ 74,400 156,200 98,800 Accounts Payable Bonds Payable 178,000 174,500 Common Stock ($1 par) 515,000 659,000 108,400 290,000 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. 262,800 $ 5,109,100 $ 5,109,100 $ 2,064,100 $ 2,064,100 Additional Information: 1. On January 1, 2021 the fair market value of Sheldon's assets equaled their book value with the exception of: Inventory - was overvalued by $5,400 (all this inventory was sold during 2021). Building - was undervalued by $94,000 (remaining useful life was estimated to be 4 years). Land - was by undervalued $47,000. Equipment - was overvalued by $42,000 (remaining useful life was estimated to be 10 years). The new Goodwill from the acquisition was impaired by $27,400 at year-end. REQUIRED: FOR THE CONSOLIDATION WORKSHEET ITEMS MARKED IN GRAY, ANSWER THE FOLLOWING QUESTIONS. NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000. IF THE AMOUNT IS DISPLAYED ON THE WORKSHEET IN PARENTHESES, TYPE THE AMOUNT AS A NEGATIVE NUMBER. FOR EXAMPLE, FOR ($1,000) TYPE IN -1000.