Paco company acquired 100 percent of the stock of salad corp. on december 31, 20x8. the stockholders' equity section of salad's balance sheet at that date is as follows: common stock $ 300,000 additional paid-in capital 500,000 retained earnings 400,000 total $ 1,200,000 paco financed the acquisition by using $880,000 cash and giving a note payable for $400,000. book value approximated fair value for all of salad's assets and liabilities except for buildings which had a fair value $60,000 more than its book value and a remaining useful life of 10 years. any remaining differential was related to goodwill. paco has an account payable to salad in the amount of $30,000. required: 1) present all consolidating entries needed to prepare a consolidated balance sheet immediately following the acquisition. 2) what additional consolidating entry must be prepared at december 31, 20x9? essaytoolbar navigation opens in a dialog