Stake Company reported the following summarized balance sheet data as of December 31, 20X2: Cash 35,000 Accounts Payab $ 48,000 Accounts Receivable 89,000 Common Stock 110,000 Inventory 99,000 Retained Earnings 200,000 Buildings & Equipment 280,000 Less: Accumulated Depreciation (145,000 ) Total Assets $ 358,000 Total Liabilities & 358,000 Stake's shares at the time of the stock dividend is $45. Stake reports net income of $30,000 and pays a $11,000 cash dividend in 20X3. Pole Company acquired 70 percent of Stake's common shares at book value on January 1, 20X1. At that date, the fair value of the noncontrolling interest was equal to 30 percent of Stake's book value. Pole uses the equity method in accounting for its investment in Stake. Required: a. Prepare the journal entries recorded by Stake and Pole at the time the stock dividend is declared and distributed. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare the worksheet consolidation entries needed to prepare consolidated financial statements for 20X3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) c. Prepare the worksheet consolidation entry needed to prepare a consolidated balance sheet on January 1, 20X4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)