Corporation acquired 100 percent ownership of Roller Company on January 1, 20X8, for $128,000. At that date, the fair value of Roller's buildings and equipment was $20,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, Mill's management concluded at December 31,20X8, that goodwill involved in its acquisition of Roller shares had been impaired and the correct carrying value was $2,500.
Trial balance data for Mill and Roller on December 31, 20X8, are as follows:


Required
a. Give all elimination entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8.
b. Prepare a three-part consolidation worksheet for 20X8 in goodform.

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Mill Corporation Roller Company Credit Credit Accounts Receivable Buildings & Equipment Investment in Roller Co. Stock Cost of Goods Sold Dividends Declared Accumulated Depreciation Income from Subsidiary S935,500 $395,000