save the image to see.clearly

Plaza Corporation purchased 70 percent of Square Company's voting common stock on January 1, 20X5, for $299.600. On that date, the noncontrolling interest had a fair value of $128.400 and the book value of Square's net assets was $392,000. The book values and falr values of Square's assets and liabilities were equal except for land that had a fair value $14,000 higher than book value. The amount attributed to goodwill as a result of the acquisition is not amortized and has not been impaired. Square Company Debit Credit $ 97,000 110,000 258,800 PLAZA CORPORATION AND SQUARE COMPANY Trial Balance Data December 31, 20x9 Plaza Corporation Item Debit Credit Cash and Receivables $ 93,300 Inventory 206,000 Land, Buildings, & Equipment (net) 278,800 Investment in Square Company 302,508 Cost of Goods & Services 196,00 Depreciation Expense 23,080 Dividends Declared 18,000 Sales & Service Revenue $ 313,280 Income from Square Company 45,908 Accounts Payable 51,000 Comon Stock 198,00 Retained Earnings 508,989 Total 51,116,808 $1,116,808 146,00 13,000 4 , $213,000 25,000 162,800 228 , $628,000 $628,800 On January 1, 20X9, Plaza's inventory contained $34.000 of unrealized Intercompany profits recorded by Square. Square's inventory on that date contained $15,000 of unrealized intercompany profits recorded on Plaza's books. Both companies sold their ending 20x8 Inventories to unrelated companies in 20X9. Required: a. Prepare all consolidation entries needed to complete a consolidation worksheet as of December 31, 20XS for a transaction/event, select "No journal entry required" in the first account field.) Plaza Corporation purchased 70 percent of Square Company's voting common stock on January 1, 20X5, for $299.600. On that date, the noncontrolling interest had a fair value of $128.400 and the book value of Square's net assets was $392,000. The book values and falr values of Square's assets and liabilities were equal except for land that had a fair value $14,000 higher than book value. The amount attributed to goodwill as a result of the acquisition is not amortized and has not been impaired. Square Company Debit Credit $ 97,000 110,000 258,800 PLAZA CORPORATION AND SQUARE COMPANY Trial Balance Data December 31, 20x9 Plaza Corporation Item Debit Credit Cash and Receivables $ 93,300 Inventory 206,000 Land, Buildings, & Equipment (net) 278,800 Investment in Square Company 302,508 Cost of Goods & Services 196,00 Depreciation Expense 23,080 Dividends Declared 18,000 Sales & Service Revenue $ 313,280 Income from Square Company 45,908 Accounts Payable 51,000 Comon Stock 198,00 Retained Earnings 508,989 Total 51,116,808 $1,116,808 146,00 13,000 4 , $213,000 25,000 162,800 228 , $628,000 $628,800 On January 1, 20X9, Plaza's inventory contained $34.000 of unrealized Intercompany profits recorded by Square. Square's inventory on that date contained $15,000 of unrealized intercompany profits recorded on Plaza's books. Both companies sold their ending 20x8 Inventories to unrelated companies in 20X9. Required: a. Prepare all consolidation entries needed to complete a consolidation worksheet as of December 31, 20XS for a transaction/event, select "No journal entry required" in the first account field.)