Problem Company owns 90 percent of Solution Dairy's stock. The balance sheets of the two companies immediately after the Solution acquisition showed the following amounts: Problem Solution Company Dairy Assets Cash & Receivables $ 140,000 $89.000 Inventory 215,000 199,000 Land 88,000 48,000 Buildings & Equipment (net) 405,000 229,000 Investment in Solution Dairy 272.700 Total Assets $1,120,700 $475,000 Liabilities & Stockholders' Equity Current Payables $ 62,000 $ 35,000 Long-Term Liabilities 284, 700 157.000 Common Stock 392,000 13,000 Retained Earnings 382,00 210,000 $1,120,700 5475,000 Total liabilities & Stockholders' Equity The fair value of the noncontrolling interest at the date of acquisition was determined to be $30,300. The full amount of the increase over book value is assigned to land held by Solution. At the date of acquisition Solution owed Problem S10.000 plus $1,300 accrued interest. Solution had recorded the accrued interest, but Problem had not. Required: Prepare a consolidated balance sheet worksheet. (Values in the first two columns (the "parent" and "subsidiary" balonces) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.) PROBLEM COMPANY AND SUBSIDIARY Consolidated Balance Sheet Worksheet Consolidation Entries Solution Problem Co. Dally DR CR Consolidated Assets Cash and receivables Inventory Land Buldings and equipment (net) Investment in Solution Dairy Total Assets Liabilities & Equity Current payables Long-term liabilities Common stock Consolidated Balance Sheet Worksheet Consolidation Entries Solution Problem Co. Dairy DR CR Consolidated Assets Cash and receivables Inventory Land Buildings and equipment (net) Investment in Solution Dairy Total Assets Liabilities & Equity Current payables Long-term liabilities Common stock Retained earnings NCI in NA of Solution Dairy Total Liabilities & Equity