rcent of Siena Company on January 1,20X3 for $712,500. The fair Pisa Company acquired 75 pe value of the noncontrolling interest was equal to 25 percent of book value. On the date of acquisition, Siena had common stock outstanding of $300,000 of $650,000. During 20X3, Siena purchased inventory for $35,000 and sold it to Pisa for $50,000. Of this amount, Pisa reported $20,000 in ending inventory in 20X3 and later sold it in 20X4. In 20X4, Pisa sold inventory it had purchased for $40,000 to Siena for $60,000. Siena sold $45,000 ofthis inventory in 204. and a balance in retained earnings Income and dividend information for Siena for 20X3 and 20X4 are as follows: Year Net Income Dividends 20X3 20x4 $150,000 $200,000 $40,000 $50,000 Pisa Company uses the fully adjusted equity method. Required: a. Present the worksheet consolidation entries necessary to prepare consolidated financial statements for 20X3