1. Prepare a determination and distribution of excess schedule for the investment.

2. The trial balances of Chicago Company and its subsidiary, Naperville Inc. are as fol- lows on December 31,20X3: Chicago Co Naperville, Inc $ 530,000 1,805,000 (405,000) 460,000 (900,000) (220,000) $130,000 440,000 (70,000) Current assets Depreciable fixed assets Accumulated depreciation Investment in Naperville, Inc Liabilities Common stock ($1 par) Common stock ($5 par) Paid-in-Capital in excess of par Retained earnings, January 1, 20X3 Revenues Expenses Dividends declared (225,000) (1,040,000) (230,000) (460,000) 450,000 10,000 (50,000) (15,000) (170,000) (210,000) 170,000 Totals