Alpha, Inc., owns Beta Corp. Te two companies individual balance sheets follow: Requirements 1. Prepare a consolidated balance sheet of Alpha, Inc. It is sufficient

Alpha, Inc., owns Beta Corp. Te two companies’ individual balance sheets follow:

Requirements
1. Prepare a consolidated balance sheet of Alpha, Inc. It is sufficient to complete the consolidation work sheet. Use Exhibit 8-7 as a model.
2. What is the amount of stockholders’ equity for the consolidatedentity?

A1 Alpha, Inc. Consolidation Work Sheet Beta Alpha, inc. Corp Ellminatlon Debit Credit 46,000 20,000 Cash Accounts receivable, net 75,000 52000 29,000 5 Note receivable from Alpha Inventory 56,000 113,000 283,000 29,000 80,000 71 Investment in Beta 8 Plant assets, net 97,000 Other assets 13,000 1 Total 13 Accounts payable $ 49,000-$22,000 148,00033,000 78,000123,000 11200080,000 33,000 602,000 S 291,000 Notes payable Other llabilities Common stock 1Retained earnings 215,000 8 Total