On January $1,2023,$ Mona, Incorporated, acquired $90$ percent of Lisa Company's common stock as well as $70$ percent of its preferred shares. Mona paid $\backslash (\backslash$$ $81,000\backslash )$ in cash for the preferred stock, with a call value of $110$ percent of the $\backslash (\backslash$$ $50\backslash )$ per share par value. The remaining $30$ percent of the preferred shares traded at a $\backslash (\backslash$$ $50,000\backslash )$ fair value. Mona paid $\backslash (\backslash$$ $625,500\backslash )$ for the common stock. At the acquisition date, the noncontrolling interest in the common stock had a fair value of $\backslash$$$69,500.$ The excess fair value over Lisa's book value was attributed to franchise contracts of $\backslash (\backslash$$ $35,000\backslash ).$ This intangible asset is being amortized over a $20-$year period. Lisa pays all preferred stock dividends $($a total of $\backslash$$$24,000$ per year$)$ on an annual basis. During $2023,$ Lisa's book value increased by $\backslash$$$73,000.$

On January $2,2023,$ Mona acquired one$-$half of Lisa's outstanding bonds payable to reduce the business combination's debt position. Lisa's bonds had a face value of $\backslash (\backslash$$ $100,000\backslash )$ and paid cash interest of $7$ percent per year. These bonds had been issued to the public to yield $10$ percent. Interest is paid each December $31.$ On January $2,2023,$ these bonds had a total $\backslash$$$90,490$ carrying amount. Mona paid $\backslash (\backslash$$ $51,733\backslash ),$ indicating an effective interest rate of $6$ percent.

On January $3,2023,$ Mona sold Lisa fixed assets that had originally cost $\backslash (\backslash$$ $116,000\backslash )$ but had accumulated depreciation of $\backslash (\backslash$$ $50,000\backslash )$ when transferred. The transfer was made at a price of $\backslash (\backslash$$ $152,000\backslash ).$ These assets were estimated to have a remaining useful life of $10$ years.

The individual financial statements for these two companies for the year ending December $31,2024,$ are as follows:

Note: Credits are indicated by parentheses. Note: Credits are indicated by parentheses.

Required:

a$.$ What consolidation worksheet adjustments would have been required as of January $1,2023,$ to eliminate the subsidiary's common and preferred stocks?

b$.$ What consolidation worksheet adjustments would have been required as of December $31,2023,$ to account for Mona's purchase of Lisa's bonds?

c$.$ What consolidation worksheet adjustments would have been required as of December $31,2023,$ to account for the intra$-$entity sale of fixed assets?

d$.$ Assume that consolidated financial statements are being prepared for the year ending December $31,2024.$ Calculate the consolidated balance for each of the following accounts:

Franchises

Fixed Assets

Accumulated Depreciation

Expenses Req $\backslash ($ A $\backslash )$ to $\backslash ($ C $\backslash )$

a$.$ What consolidation worksheet adjustments would have been required as of January $1,2023,$ to eliminate the subsidiary's common and preferred stocks?

b$.$ What consolidation worksheet adjustments would have been required as of December $31,2023,$ to account for Mona's purchase of Lisa's bonds?

c$.$ What consolidation worksheet adjustments would have been required as of December $31,2023,$ to account for the intraentity sale of fixed assets?

Note: For all requirements, if no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your intermediate calculations and final answers to the nearest whole dollar amount.

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$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline No & Date & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Accounts$\}$ & Debit & Credit $\backslash \backslash$

$\backslash$hline $1$ & $\backslash ($ S $\backslash )$ and $\backslash ($ A $\backslash )$ & Preferred stock $($Lisa$)$ & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Common stock $($Lisa$)$ & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Retained earnings $($Lisa$)$ & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Franchises & $($v$)$ & & $\backslash \backslash$

$\backslash$hline & & Investment in Lisa$-$Common stock & $($ & & $\backslash \backslash$

$\backslash$hline & & Investment in Lisa$-$Preferred stock & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Noncontrolling interest in Lisa & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & & & & $\backslash \backslash$

$\backslash$hline $2$ & B & Bonds payable & $(\backslash (\backslash$cdot $\backslash ))$ & & $\backslash \backslash$

$\backslash$hline & & Interest income & $($v$)$ & & $\backslash \backslash$

$\backslash$hline & & Loss on retirement of bonds & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Discount on bonds payable & $($v$)$ & & $\backslash \backslash$

$\backslash$hline & & Interest expense & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Investment in Lisa$-$bonds & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & & & & $\backslash \backslash$

$\backslash$hline $3$ & TA & Gain on transfer of fixed assets & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Accumulated depreciation & $($ & & $\backslash \backslash$

$\backslash$hline & & Depreciation expense & $($V$)$ & & $\backslash \backslash$

$\backslash$hline & & Fixed assets & $($V$)$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Assume that consolidated financial statements are being prepared for the year ending December $31,2024.$ Calculate the consolidated balance for each of the following accounts:

Note: Round your intermediate calculations and final answers to the nearest dollar amount.