Refer back to Problem 14-5. Maple Company uses the equity method. Assume the following amounts are taken from the adjusted trial balances of Maple Company and Dodd Company on December 31, 1999

There is no intercompany debt at the end of the year.
Required Prepare a work sheet for consolidated financial statements on December 31, 1999. Ignore the amortization of goodwill.

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Maple Dodd Debit Balance Accounts Cash Company Company 864,000 $ 364,296 Accounts receivable, net 553,536 414,000 Notes receivable 342,000 90,000 Merchandise inventory, December 31 1,530,000 1,008,000 Investment in Dodd Company 4,519,356 Equipment, net 1,147,500 691,860 Buildings, net 3,163,500 1,573,200 Land. 1,404,000 450,000 Cost of goods sold. 8,064,000 2,160,000 Expenses (excluding depreciation and taxes) 2,160,000 810,000 Depreciation expense 243,000 128,940 Income tax expense 569,664 123,504 Dividends 477,000 178,200 Total of the accounts with debit balances. $25,037,556 $7,992,000 Credit Balance Accounts Accounts payable $ 720,000 $ 378,000 Notes payable. 270,000 180,000 Common stock-$90 par value 9,540,000 3,564,000 Retained earnings. 2,610,000 270,000 Revenue from sales 11,520,000 3,600,000 Income of Dodd Company 377,556 Total of the accounts with credit balances. $25,037,556 $7,992,000