Please Solve 4-4. Please also put it into grid form please and thank you.

Consolidated Workpaper, Partially Owned Subsidiary, Cost Method LO 5 Place Company purchased 92% of the common stock of Shaw, Inc. on January 1, 2017, for $400,000. Trial balances at the end of 2017 for the companies were: Inventory balances on December 31,2017 , were $25,000 for Place and $15,000 for Shaw, Ince Shaw's accounts and notes payable contain a $15,000 note payable to Place. Required: Prepare a workpaper for the preparation of consolidated financial statements on December 31 , 2012. The difference between book value of equity acquired and the value implied by the purchase price relates to subsidiary land, which is included in plant assets