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Police Corporation acquired 100 percent of Station Corporation's voting shares on January 1,203, at underlylng book value. At that date, the book values and falr values of Station's assets and liabilities were equal. Police uses the equity method In accounting for its Investment In Station. Adjusted trlal balances for Police and Station on December 31, 20X4, are as follows: Requlred: a. Prepare the consolidation entrles required on December 31,204, to prepare consolidated financial statements. b. Prepare a three-part consolidation worksheet as of December 31, 204. Complete this question by entering your answers in the tabs below. Prepare the consolidation entries required on December 31, 20X4, to prepare consolidated financial statements. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Prepare a three-part consolidation worksheet as of December 31,204. Note: 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

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