Complete a Consolidation Worksheet for the following problem:

On January 1, 2020, Winter Corporation acquired a 100% interest in Summer, Inc. Winter paid $128,000 cash. At the time of the acquisition, Summer's book value was $92,000. At that date, the fair value of Summer's buildings and equipment was $20,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. For internal reporting purposes, Winter employed the equity method to account for this investment. The following account balances are for the year ending December 31, 2020, for both companies. Sales Equity Income from Summer Inc. Cost of goods sold Salaries and wages expense Depreciation expense Interest expense Other expense Net income Retained earnings, Jan. 1 Net income (above) Dividends paid Retained eamings, Dec. 31 Cash Accounts receivable Inventory Land Buildings and Equipment (net) Investment in Summer Inc. Total assets Accounts payable Wages payable Notes payable Common stock Retained earnings, Dec. 31 Total liabilities & stockholders' equity Note: Parentheses indicate a credit balance. Winter Corporation (22,000) 125,000 42,000 25,000 12,000 13,500 (64,500) (102,000) (64,500) 30,000 (136,500) 19,500 70,000 90,000 30,000 205,000 134,000 548,500 (45,000) (17,000) (150,000) (200,000) (136,500) (548,500) Summer Inc. 110,000 27,000 10,000 4,000 5,000 (24,000) (32,000) (24,000) 16,000 (40,000) 21,000 12,000 25,000 15,000 120,000 193,000 (16,000) (9,000) (68,000) (60,000) (40,000) (193,000)