Consolidation Working Paper net assets approximate fair value, and Sylvan has no previously unreported intangible assets. Required a. Prepare the journal entry Princecraft makes to record the acquisition on its own books. Enter answers in millions (Example: $40,000,000 equals $40 million). a. Prepare the journal entry Princecraft makes to record the acquisition on its own books. Enter answers in millions (Example: $40,000,000 equals $40 million). b. Prepare the consolidation working paper at the date of acquisition. - Enter answers in millions (Example: $40,000,000 equals $40 million). - Use negative signs with your Credit (Cr) answers in the Dr(Cr) columns (not in the Eliminations Credit column). c. Prepare the consolidated balance sheet at the date of acquisition, in good form Enter answers in millions (Example, $22,000,000 equals $22 million) 
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