Pork Corporation acquired all the voting shares of Swine Enterprises on January 1, 20X4. Balance sheet amounts for the companies on the date of acquisition were as follows:

Swine Enterprises’ buildings and equipment were estimated to have a market value of $175,000 on January 1, 20X4. All other items appeared to have market values approximating current book values.

Required

a. Complete a consolidated balance sheet worksheet for January 1, 20X4.

b. Prepare a consolidated balance sheet in good form.

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Pork Corporation Swine Enterprises