The summarized balance sheet of Separate Company on January 1, 20X3, contained the following amounts:

Total Assets	$	425,000	Total Liabilities	$	60,000
			Preferred Stock		135,000
			Common Stock		50,000
			Retained Earnings		180,000
Total Assets	$	425,000	Total Liabilities and Equities	$	425,000

On January 1, 20X3, Joint Corporation acquired 80 percent of the common shares and 70 percent of the preferred shares of Separate Company at underlying book value. At that date, the fair value of the noncontrolling interest in Separates common stock was equal to 20 percent of the book value of its common stock.

Required:

Prepare the worksheet consolidation entries needed to prepare a consolidated balance sheet immediately following Joints purchase of shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Preferred stock common stock retained earnings investments in separate Common Stock Investment in Separate Preferred Stock NCI in NA of Separate