Address elements one through four in a minimum of three to five sentences each. 1. Describe the principles outlined in ASC Topic 810 related to consolidating the client's financial statements. [Insert text.] 2. Describe the steps taken to consolidate the client's financial statements. [Insert text.] 3. Explain the purpose of consolidating the client's financial statements. [Insert text.] 4. Evaluate the disclosure requirements in the parent company's financial statements. [Insert text.]