Penny Manufacturing Company acquired 75 percent of Saul Corporation stock at underlying book value. At the date of acquisition, the fair value of the noncontrolling interest was equal to 25 percent of Saul's book value. The balance sheets of the two companies for January 1, 20X1, are as follows: On January 2, 20X1, Penny purchased an additional 2,500 shares of common stock directly from Saul for $150,000. Required: a. Prepare the consolidation entry needed to complete a consolidated balance sheet worksheet immediately following the issuance of additional shares to Penny. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare a consolidated balance sheet worksheet immediately following the issuance of additional shares to Penny. (Velues In the flrst two columns (the "perent" and "subsldlery" belances) thet are to be deducted should be Indleeted with a minus slgn, whlle ell velues In the "Consolldetion Entrles" columns should be entered es positive velues. For eccounts where multiple edjusting entrles ere required, combine all deblt entrles Into one emount and enter thls amount In the deblt column of the worksheet. Slmilerly, combine all credit entrles Into one emount and enter thls amount In the credlt column of the worksheet.)