Long Problem Naomi Corporation acquired 75% of the outstanding stock of Winnie, Inc., on January 1, 2018 , for $1,530,000 in cash. The remaining 25% of Winnie's stock traded actively at the same price as Naomi paid. The book value of Winne, Inc. at acquisition date was $1,340,000. One of Winnie's buildings, with a 16-year remaining life, was undervalued in the company's accounting records by $160,000. Also, Winnie's newly developed patent, with an estimated 10-year life, was assessed to have a fair value of $395,000. During subsequent years, Winnie reports the following: The following trial balances are for these two companies as of December 31 , 2021. 10 Required(25points) a. Prepare a consolidation worksheet for this business combination. b. Prepare the consolidating entry "* C " that would have been required if Naomi had used the initial value method for accounting for its investment in Winnie. c. Prepare the consolidating entry "**" that would have been required if Naomi had used the partial equity method for accounting for its investment in Winnie. Long Problem Naomi Corporation acquired 75% of the outstanding stock of Winnie, Inc., on January 1, 2018 , for $1,530,000 in cash. The remaining 25% of Winnie's stock traded actively at the same price as Naomi paid. The book value of Winne, Inc. at acquisition date was $1,340,000. One of Winnie's buildings, with a 16-year remaining life, was undervalued in the company's accounting records by $160,000. Also, Winnie's newly developed patent, with an estimated 10-year life, was assessed to have a fair value of $395,000. During subsequent years, Winnie reports the following: The following trial balances are for these two companies as of December 31 , 2021. 10 Required(25points) a. Prepare a consolidation worksheet for this business combination. b. Prepare the consolidating entry "* C " that would have been required if Naomi had used the initial value method for accounting for its investment in Winnie. c. Prepare the consolidating entry "**" that would have been required if Naomi had used the partial equity method for accounting for its investment in Winnie