Purple Company acquired 80 percent of Silk Company's outstanding common stock for $52,800 on January 1, 2020, equals to the book value of Silk's net assets. Adjusted trial balance data for Purple and Silk as of December 31, 2020, are as follows (all amounts are in dollars): Purple Company Silk Company DR CR DR CR Cash $18,200 $14,000 Accounts Receivable 14,000 7,000 Inventory 19,000 30,000 Investment in Silk 66,600 Land 25,000 27,450 Buildings and equipment 100,000 58,000 Cost of Goods Sold 33,500 15,500 Depreciation Expense 9,500 4,000 Selling and Administrative Expense 28,000 5,000 Dividends Declared 8,000 4,250 Accumulated Depreciation $56,500 $16,500 Accounts Payable 27,300 6,700 Bonds Payable 35,000 30,000 Common Stock 62,500 40,000 Retained Earnings 32,000 26,000 Sales 91,300 46,000 Income from Silk 17,200 Total $321,800 $321,800 $165,200 $165,200 a) Prepare the journal entries related to the investment in Silk Company during 2020 (15 points). b) Prepare Book Value calculation table (10 points) c) Prepare basic consolidation entry (28 points). d) Prepare accumulated depreciation consolidation entry (10 points). e) Prepare a consolidation worksheet for 2020 in good form (30 points). f) Prepare a consolidated balance sheet as of December 31 2020 (7 points)