On January 1, 2009, Rand Corp. issued shares of its common stock to acquire all of the outstanding common stock of Spaulding Inc. Spaulding?s book value was only $140,000 at the time, but Rand issued 12,000 share having a par value of $1 per share and a fair value of $20 per share. Rand was willing to convey these shares because it felt that buildings (ten-year life) were undervalued on Spaulding?s records by $60,000 while equipment (five-year life) was undervalued by $25,000. Any consideration transferred over fair value of identified net assets acquired is assigned to good will. Following are the individual financial records for these two companies for the year ended December 31, 2022.

Roxy Corp. Westwood Inc.
Revenues $372,000 $108,000
Expenses (264,000 ) (72,000 )
Equity in subsidiary earnings 25,000 0
Net income $133,000 $36,000
Retained earnings, January 1, 2022 $765,000 $1020
Net income (above) 133,000 36,000
Dividends paid -84,000 -24,000
Retained earnings, December 31, 2012 $814,000 114,000

Current assets $150,000 $22,000
Investment in Spaulding Inc. 242,000 0
Buildings (net) 525,000 85,000
Equipment (net) 389,250 129,000
Total assets $1,306,250 $236,000

Liabilities $82,250 $50,000
Common stock 360,000 72,000
Additional paid-in capital 50,000 0
Retained earnings, December 31, 2012 (above) 814,000 114,000
Total liabilities and stockholders? equity $1,306,250 $236,000

Required:
Prepare a consolidation worksheet for this business combination.