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I need help with part b. Prepare a three-part consolidation worksheet for 20X8 in good form and c. Prepare a consolidated balance sheet, income statement, and statement of comprehensive income for 20X8. Please help.

Pirate Corporation acquired 60 percent ownership of Ship Company on January 1,208, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 40 percent of the book value of Ship Company. Accumulated depreciation on Buildings and Equipment was $77,000 on the acquisition date. Trial balance data at December 31,208, for Pirate and Ship are as follows: Additional Information Ship purchased stock of Row Company on January 1, 208, for $33,000 and classified the investment as available-for-sale securities. The value of Row's securities increased to $43,000 at December 31,208. Required: required for a transaction/event, select "No journal entry required" in the first account field.) Required: Record all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31 , 208. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare a three-part consolidation worksheet for 208 in good form. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.) c. Prepare a consolidated balance sheet, income statement, and statement of comprehensive income for 208. (Amounts to be deducted should be indicated with a minus sign.) c. Prepare a consolidated balance sheet, income statement, and statement of comprehensive income for 208. (Amounts to be deducted should be indicated with a minus sign.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Answer is not complete. } \\ \hline \multicolumn{2}{|c|}{ PIRATE CORPORATION AND SUBSIDIARY } \\ \hline \multicolumn{2}{|c|}{ Consolidated Statement of Comprehensive Income } \\ \hline Year Ended December 31, 20X8 & \\ \hline Consolidated net income & \\ \hline Other comprehensive income: & \\ \hline Unrealized gain on investments held by subsidiary & \\ \hline Total consolidated comprehensive income & \\ \hline Less: Comprehensive income attributable to noncontrolling interest & \\ \hline Comprehensive income attributable to controlling interest & \\ \hline \end{tabular}

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