Purity Corporation acquired $90$ percent of Shady Company$$s outstanding common stock on December $31,2020,$ for $$1,152,000.$ At that date, the fair value of the noncontrolling interest was $$128,000,$ and Shady reported common stock outstanding of $$490,000,$ additional paid$-$in capital of $$290,000,$ and retained earnings

of $$420,000.$ The book values and fair values of Shady assets and liabilities were equal except for land, which was worth $$30,000$ more than its book value. On April $1,2021,$ Purity issued at par $$200,000$ of $10$ percent bonds directly to Shady; interest on the bonds is payable March $31$ and September $30.$ On January $2,2022,$ Purity purchased all of Shady outstanding $10-$year, $12$ percent bonds from an unrelated institutional investor at $98.$ The bonds originally

had been issued on January $2,2016,$ for $101.$ Interest on the bonds is payable December $31$ and June $30.$ Both companies amortize bond premiums and discounts on a straight$-$line basis. Since the date it was acquired by Purity $,$ Shady has sold inventory to Purity on a regular basis. The amount of such interCorporation sales totaled $$64,000$ in $2021$ and $$78,000$ in $2022,$ including a $30$ percent gross profit. All inventory transferred in $2021$ had been resold by December $31,2021,$ except inventory for which Purity had paid $$15,000$ and did not resell until January $2022.$ All inventory transferred in $2022$ had been resold at December $31,2022,$ except merchandise for which Purity had paid $$18,000.$ At December $31,2022,$ trial balances for Purity and Shady appeared as follows:

Required:

a$.$ Prepare and complete a worksheet for the preparation of consolidated financial statements for $2022.$