The following are preliminary financial statements for Black Co. and Blue Co. for the year ending December 31, 2013 prior to Black's acquisition of Blue.

	Black	Blue
Sales	360,000	228,000
Expenses	(240,000)	(132,000)
Net income	120,000	96,000
Retained Earnings, 1/1/13	480,000	252,000
Net income (from above)	120,000	6,000
Dividends paid	(36,000)	-
Retained Earnings, 12/1/13	564,000	258,000
Current assets	360,000	120,000
Land	120,000	108,000
Building (net)	480,000	336,000
Total assets	960,000	564,000
Liabilities	108,000	132,000
Common stock	192,000	72,000
Addt'l paid-in capital (APIC)	96,000	12,000
Retained Earnings, 12/1/13	564,000	348,000
Total liabilities/owner's equity	960,000	564,000

On December 31, 2013 (subsequent to the preceding statements), Black exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Blue. Black's stock on that date has a fiar value of $60 per share. Black was willing to issue 10,000 shares of stock because Blue's land was appraised at $204,000. Black also paid $14,000 to several attorneys and accountants who assisted in creating this combination.

REQUIRED:

Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2013 after the acquisiton transaction is completed.