This problem is a continuation of P5-37. Amber Corporation acquired 60 percent ownership of Sparta Company on January 1, 20X8, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 40 percent of the book value of Sparta Company. Trial balance data at December 31, 20X9, for Amber and Sparta are as follows:

Additional Information
Sparta purchased stock of Row Company on January 1, 20X8, for $30,000 and classified the investment as available-for-sale securities. The value of Row’s securities increased to $40,000 and $44,000, respectively, at December 31, 20X8, and 20X9.

Required
a. Give all elimination entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9.
b. Prepare a three-part consolidation worksheet for 20X9 in goodform.

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Amber Corporation Debit Sparta Company Debit Item Credit Credit Cash Accounts Receivable Inventory Buildings & Equipment Investment in Row Company Securities Investment in Sparta Company Cost of Goods Sold Depreciation Expense Interest Expense Dividends Declared Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Retained Earnings Accumulated Other Comprehensive Income Other Comprehensive Income from Subsidiary (OCI)-Unrealized Gain on Investments Unrealized Gain on Investments (OCI) Sales Income from Subsidiary $ 18,000 45,000 40,000 585,000 $ 11,000 21,000 30,000 257,000 44,000 116,400 170,000 30,000 8,000 40,000 97,000 10,000 3,000 20,000 S 170,000 75,000 100,000 200,000 231,000 6,000 $95,000 24,000 50,000 100,000 70,000 10,000 2,400 4,000 140,000 250,000 18,000 $1,052,400 $1,052,400 $493,000 $493,000