Plaza, Inc, acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2021, in exchange for $1,16,600 cash. At the acquisition date, Stanford's total fair value, including the noncontroling 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 follows: For intemal reporting purposes. Piaza, 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 year-end, there were no intra-ennity receivabies or poyables. Prepare a worksheet to cansolidote the finoncial statements of Plozs, inc, and its subsidiory Stanford. (For accounts where multiple consolidetion entries are required, combine all debit entries into one omount and enter this a mount in the debit columin of the worksheet. Simllerly, combine oll credit entries into one omount ond enter this omount in the credit column of the worksheet. Input all smounts es positive values?PLAZA CORPORATION AND STANFORD CORPORATION Consolidation Worksheet For Year Ending December 31, 2021.

1. Plaza, Inc, acquires 80 percent of the outstanding common stock of Stanford Corporation on
January 1, 2021, in exchange for $1,16,600 cash. At the acquisition date, Stanford's total fair
value, including the noncontroling 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 follows: For intemal reporting purposes.
Piaza, 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 year-end, there were
no intra-ennity receivabies or poyables. Prepare a worksheet to cansolidote the finoncial
statements of Plozs, inc, and its subsidiory Stanford. (For accounts where multiple consolidetion
entries are required, combine all debit entries into one omount and enter this a mount in the debit
columin of the worksheet. Simllerly, combine oll credit entries into one omount ond enter this
omount in the credit column of the worksheet. Input all smounts es positive values?PLAZA
CORPORATION AND STANFORD CORPORATION Consolidation Worksheet For Year Ending
December 31, 2021