Stake Company reported the following summarized balance sheet data as of December 31, 20x2: Cash Accounts Receivable Inventory Buildings & Equipment Least Accumulated Depreciation Total Assets $ 40.000 85,000 98,000 264,000 (125,000) 3 362,000 Accounts Payable Common Stock Retained Earninga 5 48.000 140,000 174,000 Total Liabilities & Equities $362,000 Stake issues 4100 additional shares of its $10 par value stock to its shareholders as a stock dividend on April 20, 20X3. The market price of Stake's shares at the time of the stock dividend is $60. Stake reports net income of $25,000 and pays a $14,000 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.) es View transaction list Journal entry worksheet COD F 21 >11 c. Prepare the worksheet consolidation entry needed to prepare a consolidated balance sheet on January 120x4. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) Consolidation Worksheet Entries Record the basic consolidation entry Neces Event Det 90 A 2 3 $ 4. % 5 6 8 W E R . U