Instructions: Create a consolidated workpaper using the acquisition method for 12/31 (see dropdown list on w/p to indicate type of entry, show Journal entries under w/p ) Sierra Corporation outstanding com acquired by Padre, Inc. Cash paid by Padre, Inc. for Sierra Corporation shares Sierra's assessed fair value Book value of Sierra Corporation Sierra accounts values on 1/1/21 Land Buildings and equipment (10-year Copyright (20-year remaining life) Notes payable (due in 8 years) PADRE, INC. AND SIERRA CORPORATION \begin{tabular}{ll} \hline Buildings and equipment (net) & $$Tryagain!amortization \\ \hline Copyright & \$ \\ \hline \hline Try again! \end{tabular} Instructions: Create a consolidated workpaper using the acquisition method for 12/31 (see dropdown list on w/p to indicate type of entry, show Journal entries under w/p ) Sierra Corporation outstanding com acquired by Padre, Inc. Cash paid by Padre, Inc. for Sierra Corporation shares Sierra's assessed fair value Book value of Sierra Corporation Sierra accounts values on 1/1/21 Land Buildings and equipment (10-year Copyright (20-year remaining life) Notes payable (due in 8 years) PADRE, INC. AND SIERRA CORPORATION \begin{tabular}{ll} \hline Buildings and equipment (net) & $$Tryagain!amortization \\ \hline Copyright & \$ \\ \hline \hline Try again! \end{tabular}