The following are selected account balances from Cheela Company and Jarjar Corporation

The following are selected account balances from Cheela Company and Jarjar Corporation as of December 31, 2018: Cheela Jarjar Revenues P P 980,000 560,000 Expenses 560,000 420,000 Dividend Income 84,000 Dividends Paid 112,000 84,000 Accumulated profits. 1/1/18 840,000 280,000 Current Assets 560,000 700,000 Building (net) 1,260,000 560,000 Equipment (net] 840,000 1,400,000 Investment in Jarjar Corp. Liabilities 700,000 1,932,000 Ordinary Shares 840,000 280,000 (P20 par) (P10 par) Share Premium 210,000 112,000 On January 1, 2016, Cheela acquired all of the outstanding shares of Jarjar for P298,000 in cash and ordinary shares. Cheela also pays P24,000 in lawyers fees and other combination costs as well as P14,000 in share issuance costs, At the date of acquisition, Jarjar's buildings (with a six-year remaining life) have a P616,000 book value and a fair market value of P784,000. Required: Prepare the consolidated statements worksheet and present all elimination entries that would have been included in the consolidated statements worksheet to prepare a full set of consolidated financial statements for the year 2018