The following account balances are for the year ending December 31, 2009 for both .companies Required: Prepare a consolidation worksheet for this business combination. Assume goodwill has been reviewed and .there is no goodwill impairment John Doe Bubba Enterprises Manufacturing Revenues $(298,000,000) $(103,750,000) Expenses 271,000,000 95,800,000 Equity in income of Bubba Manufacturing 4,361,500) Net income $( 31,361,500) $( 7.950,000) Retained earnings, January 1, 2009 Net income (above) Dividends paid Retained earnings, December 31, 2009 $( 2,500,000) $C 100,000) ( 31,361,500) (7,950,000) 5,000,000 3,000,000 $( 28,861,500) $C 5,050,000) $20,800,000 Current Assets Investment in Bubba Manufacturing Land Buildings Equipment (net) Total assets $30,500,000 13,161,500 1,500,000 5,600,000 3,100,000 $53.861,500 1,700,000 2,360,000 2,960,000 $27,820.000 Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings, Dec. 31, 2009 (above) Total liabilities and stockholders' equity $( 3,100,000) $(4,900,000) ( 1,000,000) ( 2,900,000) ( 6,000,000) ( 19,000,000) ( 10,870,000) (28,861.500) 5.050,000) $ (53,861,500) $( 27.820,000) The following account balances are for the year ending December 31, 2009 for both .companies Required: Prepare a consolidation worksheet for this business combination. Assume goodwill has been reviewed and .there is no goodwill impairment John Doe Bubba Enterprises Manufacturing Revenues $(298,000,000) $(103,750,000) Expenses 271,000,000 95,800,000 Equity in income of Bubba Manufacturing 4,361,500) Net income $( 31,361,500) $( 7.950,000) Retained earnings, January 1, 2009 Net income (above) Dividends paid Retained earnings, December 31, 2009 $( 2,500,000) $C 100,000) ( 31,361,500) (7,950,000) 5,000,000 3,000,000 $( 28,861,500) $C 5,050,000) $20,800,000 Current Assets Investment in Bubba Manufacturing Land Buildings Equipment (net) Total assets $30,500,000 13,161,500 1,500,000 5,600,000 3,100,000 $53.861,500 1,700,000 2,360,000 2,960,000 $27,820.000 Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings, Dec. 31, 2009 (above) Total liabilities and stockholders' equity $( 3,100,000) $(4,900,000) ( 1,000,000) ( 2,900,000) ( 6,000,000) ( 19,000,000) ( 10,870,000) (28,861.500) 5.050,000) $ (53,861,500) $( 27.820,000)