Piaza, Inc, acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2021, in exchange for $1,116,600 cash. At the acquisition date, Stanford's total fair value, including the noncontrolling interest, was assessed at $1,395,750 Also at the acquisition date, Stanford's book value was $586,300. Several Individual items on Stanford's financial records had fair values that differed from their book values as follow5: For internal reporting purposes. Piazo, Inc, employs the equity method to account for this investment. The following account balances are for the year ending December 31,2021 , for both companies. At yeat-end, there were no intro-entity recelvobles or poyobles. Prepore a worksheet to consolidote the finonciol stotements of Plozo. Inc, and its subsidiary Stanford (For accounto where multiple consolidetion entries ere required, combine ell debit entries into ane omount and enter this pmount in the debit columin of the worksheet. Similerly, combine all credit entries into one emount and enter this amount in the credit column of the worksheet. Input ell emounts es positive velues.)PLAZA CORPORATION AND STANFORD CORPORATION Consolidation Worksheet For Year Ending December 31, 2021.

1. Piaza, Inc, acquires 80 percent of the outstanding common stock of Stanford Corporation on
January 1, 2021, in exchange for $1,116,600 cash. At the acquisition date, Stanford's total fair
value, including the noncontrolling interest, was assessed at $1,395,750 Also at the acquisition
date, Stanford's book value was $586,300. Several Individual items on Stanford's financial records
had fair values that differed from their book values as follow5: For internal reporting purposes.
Piazo, Inc, employs the equity method to account for this investment. The following account
balances are for the year ending December 31,2021 , for both companies. At yeat-end, there were
no intro-entity recelvobles or poyobles. Prepore a worksheet to consolidote the finonciol
stotements of Plozo. Inc, and its subsidiary Stanford (For accounto where multiple consolidetion
entries ere required, combine ell debit entries into ane omount and enter this pmount in the debit
columin of the worksheet. Similerly, combine all credit entries into one emount and enter this
amount in the credit column of the worksheet. Input ell emounts es positive velues.)PLAZA
CORPORATION AND STANFORD CORPORATION Consolidation Worksheet For Year Ending
December 31, 2021