Worksheet.

CONSOLIDATION WORKSHEET PROBLEM                  Prepare   the selfsame consolidating worksheets based on the subjoined grounds.              Companies   involved: Parent and Sub.       Date   of merit:  Jan. 1, 20X3       Date   of the worksheets you must prepare: December 31,  20X4          " 20X5          " 20X6     Percentage   of vulgar shares of S owned by P   75%   Price   hired by P        $ 5,700,000               At   the era of merit these were some esteems of S:     Common   stock         $ 950,000    Aditional   paid-in chief       $ 950,000    Retained   earnings       $ 627,000        Years    FMV-BV   Inventories   <1     $ 760,000    Other   current property  <1     $ 285,000    Plant   & equipment, cherishing life:  8      $ 1,900,000    Land         $ 1,330,000    Long   term liabilities; cherishing life: 5     $ 285,000    Intangibles   amortization:   6                  Intercompany   transactions:             20X3 20X4 20X5 20X6   Upstream register sales          -   $ 142,500   $ 121,125   $ 129,604    % in issue   register          -  7.50% 9.00% 10.80%   Gross gain   rate on sales          -  37.50% 45.00% 54.00%                       Upstream   building sale, Dec. 31                   Sold for             $ 1,900,000        Book esteem at   era of sale            $ 760,000        Remaining   life:        10                                % of S bonds   purchased by P, Jan. 1             55%     Price hired              $ 1,551,104      BV at that   date              $ 1,534,930      Remaining   life:       5           Maturity esteem   of uncongenial bonds              $ 1,567,500                 =============   Required:              1. Complete the worksheets for 20X4-6.            2. Show how the Controlling and   Non-controlling shares of Income from S were arrived at in X5 and X6.       3. In disunited schedules for year ends X5 and   X6, conciliate the Investment statement after a while S's stockholders' equity.     4.   In disunited schedules for year ends X5 and X6, conciliate the issue   Noncontrolling Interest after a while S's stockholders'equity.     .