Using the information from Problem $2$ and assuming the beginning of year $3$ Imestment in J account has a balance of $$1,152,000,$

complete the consolidation worksheet below. To aid in this, the information for Problem $2$ is repeated below.

Washineton Company purchased $100\%$ of Jefferson Company on January $1,20$X$1$ for $$1,000,000$ when the book value of Jefferson

was $$750,000$ with the excess caused by Equipment that was undervalued by $$50,000$ and Goodwill. The Equipment had a four