On January $1,2023,$ Pulaski, Incorporated, acquired a $60$ percent interest in the common stock of Sheridan, Incorporated, for $$372,000.$ Sheridan's book value on that date consisted of common stock of $$100,000$ and retained earnings of $$219,900.$ Also, the acquisition$-$date fair value of the $40$ percent noncontrolling interest was $$248,000.$ The subsidiary held patents $($with a $10-$year remaining life$)$ that were undervalued within the company's accounting records by $$79,300$ and also had unpatented technology $(15-$year estimated remaining life$)$ undervalued by $$54,900.$ Any remaining excess acquisition$-$date fair value was assigned to an indefinite$-$lived trade name. Since acquisition, Pulaski has applied the equity method to its Investment in Sheridan account. At year$-$end, there are no intra$-$entity payables or receivables.

Intra$-$entity inventory sales between the two companies have been made as follows:

Year Cost to Pulaski Transfer Price to Sheridan Ending Balance $($at transfer price$)$

$2023$ $ $127,800$ $ $159,750$ $ $53,250$

$2024112,800150,40037,600$

The individual financial statements for these two companies as of December $31,2024,$ and the year then ended follow:

Items Pulaski, Incorporated Sheridan, Incorporated

Sales $ $(736,000)$ $ $(368,000)$

Cost of goods sold $483,700224,800$

Operating expenses $198,54076,600$

Equity in earnings in Sheridan $(34,256)0$

Net income $ $(88,016)$ $ $(66,600)$

Retained earnings, $1/1/24$ $ $(780,200)$ $ $(283,000)$

Net income $(88,016)(66,600)$

Dividends declared $48,30019,000$

Retained earnings, $12/31/24$ $ $(819,916)$ $ $(330,600)$

Cash and receivables $ $279,400$ $ $150,500$

Inventory $262,400131,200$

Investment in Sheridan $415,1120$

Buildings $($net$)339,000205,600$

Equipment $($net$)242,00089,400$

Patents $($net$)024,000$

Total assets $ $1,537,912$ $ $600,700$

Liabilities $ $(417,996)$ $ $(170,100)$

Common stock $(300,000)(100,000)$

Retained earnings, $12/31/24(819,916)(330,600)$

Total liabilities and equities $ $(1,537,912)$ $ $(600,700)$ Prepare a consolidated worksheet to determine appropriate balances for external financial reporting as of December $31,2024.$