Record the acquisition of Soda's stock on Pop's books. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the initial investment in Soda Corporation. Note: Enter debits before credits. repare any entries that would be made on Soda's books related to the business combination, assuming push-down accounting is used. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the revaluation of assets on the books of Soda Corporation. Note: Enter debits before credits. Pop Company acquired all of Soda Corporation's common shares on January 2,203, for $853,000. At the date of combination, Soda's balance sheet appeared as follows: The falr values of all of Soda's assets and llabilitles were equal to thelr book values except for its fixed assets. Soda's land had a falr value of $93,000; the bulldings, a falr value of $307,000; and the equipment, a falr value of $356,000. Pop Company decided to employ push-down accounting for the acquisition of Soda Corporation. Subsequent to the combination, Soda continued to operate as a separate company. Requlred: a. Record the acquisition of Soda's stock on Pop's books. b. Prepare any entrles that would be made on Soda's books related to the business combination, assuming push-down accounting is used. c. Prepare all consolidation entrles that would appear In a consolidation worksheet for Pop Company and Its subsidlary prepared Immediately following the combination. repare all consolidation entries that would appear in a consolidation worksheet for Pop Company and its subsidiary prepared mmediately following the combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits