P S T

Income Statement
Sales 500,000 300,000 100,000
Dividend Income 32,000
Dividend Income 5,000 4,000
COGS -240,000 -150,000 -60,000

Other Expenses -160,000 -70,000 -15,000

Net Income 137,000 84,000 25,000

NCI expense T
NCI expense S
Consolidated Income
Retained Earnings-beg 55,000 160,000 45,000

Dividends -80,000 -40,000 -10,000

Retained Earnings-end 112,000 204,000 60,000

Balance sheet
Cash 67,000 36,000 10,000
Account Receivable-net 70,000 50,000 20,000
Inventories 110,000 75,000 35,000
Plant and Equipment-net 140,000 425,000 115,000
Investment in S (80%) 420,000
Investment in T (50%) 75,000
Investment in T (40%) 68000
Goodwill
Patent
Total Assets 882,000 654,000 180,000
Accounts Payable 70,000 40,000 15,000
Other Liabilities 100,000 10,000 5,000
Capital stock $10 par 600,000 400,000 100,000

Retained Earnings 112,000 204,000 60,000

NCI T
NCI S
Total liabilities & Equities 882,000 654,000 180,000
Dr Cr Ref Akun
x a Deviden Income from T
50000 850,000 Deviden
32000 0
9000 0x b Investment in T
20000 50000 -412,000 RE
8000
1000 -252,250
6250
b. Capital Stock
2500 -2500 RE
25600 -25600 Patent
157650 Goodwill
45000 10000 101,600 Investment in T 40%
160000 43000 Investment in T 50%
6400 NCI T
4000 -80,000
1000
37000 x c. NCI Expense T
8000 Dividend
179,250 NCI T

113,000 x d Deviden Income From S

10000 130,000 Deviden Income From T
20000 200,000 Dividend
18750 6250 692,500
43000 463000 0x e. Investment in S
10000 85000 0 RE
68000 0
15000 15000 x f CS
10000 1000 9000 RE
1,159,500 Equipment
10000 115,000 Investment in S
115,000 NCI S
500000 600,000
x g Sales
179,250 COGS
18500 18500
1600 133350 131750 x h COGS
Inventory
966100 966100 1,159,500
x i RE Beginning
0 NCI S
COGS

x j Account Payable
account Receivable

x j NCI Expense
Dividend
NCI S

x k Other Expense
Patent

x l Other Expense
Equipment
Dr Cr
4000
4000

10000
10000

100000
45000
10000
15000
68000
85000
17000

2500
1000
1500

32000
5000
37000

43000
43000

400000
160000
18750
463000
115750

50000
50000

20000
20000
 6400
1600
8000

10000
10000

25600
8000
17600

1000
1000

6250
6250

966100 966100