Safe X Uplo X Seal x Scar x A How x M Inbox M W ACC X WTAC X W Impo X W Ann x heducation.com/ext/map/index.html?_con-con&external browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlev am-Chapter 1, 2, 3, 4 Saved Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Company reported assets and liabilities with book values of $436,000 and $175,000, respectively, common stock outstanding of $90,000, and retained earnings of $171,000. The book values and fair values of Scrub's assets and liabilities were identical except for land, which had increased in value by $23,000, and inventories, which had decreased by $5,000. Required: a. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $286,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries < A B Record the excess value (differential) reclassification entry. Note: Enter debits before credits. Event 2 Accounts Debit Credit Record entry Clear entry view consolidation entrie