Power Company owns 90 percent of Pleasantdale Dairy’s stock. The balance sheets of the two companies immediately after the Pleasantdale acquisition

Power Company owns 90 percent of Pleasantdale Dairy’s stock. The balance sheets of the two companies immediately after the Pleasantdale acquisition showed the following amounts:

 Power

CompanyPleasantdale Dairy  Assets      Cash & Receivables$131,000 $87,000   Inventory  212,000  107,000   Land 85,000  43,000   Buildings & Equipment (net) 406,000  239,000   Investment in Pleasantdale Stock 279,000      Total Assets$1,113,000 $476,000    Liabilities & Stockholders’ Equity      Current Payables$70,000 $26,000   Long-Term Liabilities 267,000  170,000   Common Stock 393,000  71,000   Retained Earnings 383,000  209,000    Total Liabilities & Stockholders’ Equity$1,113,000 $476,000     

The fair value of the noncontrolling interest at the date of acquisition was determined to be $31,000. The full amount of the increase over book value is assigned to land held by Pleasantdale. At the date of acquisition, Pleasantdale owed Power $11,000 plus $1,300 accrued interest. Pleasantdale had recorded the accrued interest, but Power had not.

I need help ffiguring out the consolidation entry for Land? I don’t know what number to multiply by

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