The December 31, 20X8, balance sheets for Doorst Corporation and its 80 percent-owned subsidiary Hingle Company contained the following summarized amounts DOORST CORPORATION AND HINGLE COMPANY Balance Sheets December 31, 20X8 Doorst Hingle Corporation Company Assets s 115,000 42,000 161,000 107,000 327,000 288,000 246,800 Cash & Receivables Inventory Buildings & Equipment (net) Investment in Hingle Company Stock $ 849,800 $437,000 Total Assets Liabilities &Equity Accounts Payable Common Stock Retained Earnings S 131,800 74,000 197,000 133,000 521,000 230,000 S 849,800 $ 437,000 Total Liabilities & Equity Doorst acquired the shares of Hingle Company on January 1, 20X7. On December 31, 20X8, assume Doorst sold inventory to Hingle during 20X8 for $112,000 and Hingle sold inventory to Doorst for $314,000 Doorst's balance sheet contains inventory items purchased from Hingle for $98,000. The items cost Hingle 558,000 to produce. In addition, Hingle's inventory contains goods it purchased from Doorst for $29.000 that Doorst had produced for $17.400. Assume Hingle reported net income of $76,000 and dividends of $15,200 Required: a. Prepare all consolidation entries needed to complete a consolidated balance sheet worksheet as of December 31, 20X8. (Do not round intermediate calculations.) view transaction list Consolidation Worksheet Entries Record the basic consolidation entry. Note: Enter debits before credits. Entry Accounts Credit Clear entry view consolidation entries Record entry b. Prepare a consolidated balance sheet worksheet as of December 31, 20X8. (Do not round intermediate calculations. Values in the first two columns (the "parent" and subsidiary" balances) that are to be deducted shouid be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.) DOORST CORPORATION & SUBSIDIARY Consolidated Balance Sheet Worksheet December 31, 20x8 Consolidation Entries Consolidated Doorst Corp. Hingle Co. DR Assets Cash and receivables Inventory Buildings & equipment (net) Investment in Hingle Co Total Assets Liabilities & Equity Accounts payable Common stock Retained earnings NCI in NA of Hingle Co Total Liabilities&Equity