The following are preliminary financial statements for Bob Co, and Jane Co. for the year ending December 31, 2019 prior to Bob's acquisition of Jane. Bob Co. Jane Co. Sales (360,000) Expenses 240.000 Net income (120.000 Retained earnings, January 1, 2019 Net income Dividends paid Retained earnings, December 31, 2019 (480,000) (120,000) 36,000 (564.000 Current assets (includes cash) Land Building (net) Total assets 360,000 120,000 480.000 960,000 120,000 108,000 336,000 564.000 Liabilities Common stock Additional paid-in capital Retained earnings, December 31, 2019 Total liabilities and stockholders' equity (108,000) (192,000) (96,000) (564.000 (260.000 (132,000) (72,000) (12.000) (348,000) (564.000 On December 31, 2019 (subsequent to the preceding statements), Bob exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Jane. Bob's stock on that date has a fair value of $60 per share. Bob was willing to issue 10,000 shares of stock because Jane's land was appraised at $204,000. Bob 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, 2019 after the acquisition transaction is completed. Steps: 0644000 On December 31, 2019 (subsequent to the preceding statements), Bob exchanged 10,000 shares of its $10 par value common stock for all of the outstanding shares of Jane. Bob's stock on that date has a fair value of $60 per share. Bob was willing to issue 10,000 shares of stock because Jane's land was appraised at $204,000. Bob 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, 2019 after the acquisition transaction is completed. Steps: a. Prepare journal entries to record the acquisition on Bob's records. b.Prepare a post-acquisition (after acquisition) column of accounts for Bob Co. c. Prepare consolidation journal entries (S) and (A). d. Prepare a worksheet to produce a consolidated balance sheet as of the acquisition date