Cameron Corporation acquired 70 percent of Darla Corporation's common stock on December 31, 20X4, for $87,500. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition:

At the date of the business combination, the book values of Darla Corporation's assets and liabilities approximated fair value, and the fair value of the noncontrolling interest was equal to 30 percent of the book value of Darla Corporation. At December 31, 20X4, Cameron reported accounts payable of $12,500 to Darla, which reported an equal amount in its accounts receivable.
Required
a. Give the eliminating entry or entries needed to prepare a consolidated balance sheet immediately following the business combination.
b. Prepare a consolidated balance sheet worksheet.
c. Prepare a consolidated balance sheet in good form.

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Cameron Darla Item Corporation Corporation $ 65,000 90,000 130,000 60,000 410,000 (150,000) 87,500 $692,500 $ 21,000 44,000 75,000 30,000 250,000 (80,000) Cash Accounts Receivable Inventory Land Buildings and Equipment Less: Accumulated Depreciation Investment in Darla Corporation Stock $340,000 Total Assets $ 35,000 180,000 40,000 85,000 $340,000 Accounts Payable Mortgage Payable Common Stock Retained Earnings $152,500 250,000 80,000 210,000 Total Liabilities and Stockholders' Equity $692,500