Problem 16-4A Pluto Corp. paid $750,000 to acquire all the common shares of Saturn Inc., and Saturn Inc. owes Pluto Corp. $170,000 on a note payable. The fair market value of Saturn Inc.'s net assets equalled the book value. Immediately after the purchase on May 31, 2014, the two companies' balance sheets were as follows: Pluto Corp Saturn Inc Assets Cash Accounts receivable, net Note receivable from Saturn Inc. Inventory Investment in Saturn Inc. Property, plant, and equipment, net Total Liabilities and Shareholders' Equity Accounts payable Notes payable Note payable to Pluto Corp. Other liabilities Common shares Retained earnings Total $ 60,000 210,000 170,000 300,000 750,000 600,000 $2,090,000 $ 100,000 150,000 440,000 500,000 $1,190,000 250,000 400,000 156,000 800,000 484,000 $2,090,000 $ 40,000 210,000 170,000 80,000 500,000 190,000 $1,190,000 Required Prepare a consolidation work sheet