The following worksheet is being prepared as of December 31,206. That is 3 years after the purchase. 1. Prepare a price analysis and a determination and distribution of excess schedule and income distribution schedules 2. Complete the following worksheet. Be sure to number your entries and provide a brief description in the spaces provided below the income distribution schedules Worksheet for Paxton Company \begin{tabular}{|l|r|r|l|l|l|l|} \hline Paid in capital in excess Saxton & (200,000) & & & \\ \hline RetainedearningsDec,31Paxton(fromabove) & (728,000) & & & & \\ \hline RetainedearningsDec,31Saxton(fromabove) & & (530,000) & & & \\ \hline Total NCl & 0 & 0 & & & & \\ \hline Total & 0 & & & & \\ \hline \end{tabular} Subsidiary Saxton Company Income Distribution \begin{tabular}{l|l|} \hline \multicolumn{2}{|l|}{ Subsidiary Saxton Company Income Distribution } \\ \hline & Internally generated net income \\ \hline & AdjustedincomeNClshareNClshare \\ \hline Parent PaxtonCompany Income Distribution \\ \hline Building depreciation & \begin{tabular}{l} Internally generated net income \\ Equipment depreciation \\ \hline 80% xSaxton adjusted net income of \$ \end{tabular} \\ \hline & Controlling interest \\ \hline \end{tabular}