2. If Roberttsson were to prepare a consolidated balance sheet on the acquisition date (January 31, 2021), what is the basic consolidation entry Robertsson would use in the consolidation worksheet? NOTE: Enter the account CODE as the name of the account. No $'s. Include the comma for the dollar amount, if applicable GENERAL JOURNAL bl [s ll [k] TUI o Tel [n] [p] Tol 3. What is Roberttsson's balance in "Investment in Purpplleee" prior to consolidation worksheet preparation on December 31, 2021? [8] Note: Include S and comma in your dollar amount 4. What would be the balance in "Investment in Purppllece" on December 31, 2021 if Roberttsson used the Cost Method to account for the investment? [t] Note: Includes and comma in your dollar amount. QUESTION #15 On January 1, 2020, Jonathan Corporation acquired 90 percent of Pamela Company's voting stock, at underlying book value. The fair value of the noncontrolling interest was equal to 10 peront of the book value of Pamela at that date. Jonathan uses the equity method in accounting for its ownership of Pamela, On December 31, 2020, the trial balances of the two companies are as follows: Pamela Company Debit Credit $120,000 225,000.00 25,000.00 60,000.00 10,000.00 Current Assets Depreciable Assets Investment in Pamela Company Depreciation Expense Other Expenses Dividends declared Accumulated Depreciation Current Liabilities Long-term Debt Common Stock APIC Retained earnings Sales Income from Pamela Totals Jonathan Corporation Debit Credit $200,000 300,000.00 139,500.00 30,000.00 100,000.00 30,000.00 60,000.00 62,000.00 75,000.00 100,000.00 60,000.00 120,000.00 300,000.00 22,500.00 $799,500 $799,500 75,000.00 25,000.00 90,000.00 75,000.00 0.00 65,000.00 110,000.00 $440,000 $440,000 REQUIRED: Provide answers to the following. Be sure to strictly observe the following rules when inputting your answers: (a) All dollar amounts much include a S. (b) All dollar amounts much include a comuna, if applicable. Part 1: Compute the following: 1. The balance in Investment in Pamela immediately after the acquisitional Page + MacB 2. If Roberttsson were to prepare a consolidated balance sheet on the acquisition date (January 31, 2021), what is the basic consolidation entry Robertsson would use in the consolidation worksheet? NOTE: Enter the account CODE as the name of the account. No $'s. Include the comma for the dollar amount, if applicable GENERAL JOURNAL bl [s ll [k] TUI o Tel [n] [p] Tol 3. What is Roberttsson's balance in "Investment in Purpplleee" prior to consolidation worksheet preparation on December 31, 2021? [8] Note: Include S and comma in your dollar amount 4. What would be the balance in "Investment in Purppllece" on December 31, 2021 if Roberttsson used the Cost Method to account for the investment? [t] Note: Includes and comma in your dollar amount. QUESTION #15 On January 1, 2020, Jonathan Corporation acquired 90 percent of Pamela Company's voting stock, at underlying book value. The fair value of the noncontrolling interest was equal to 10 peront of the book value of Pamela at that date. Jonathan uses the equity method in accounting for its ownership of Pamela, On December 31, 2020, the trial balances of the two companies are as follows: Pamela Company Debit Credit $120,000 225,000.00 25,000.00 60,000.00 10,000.00 Current Assets Depreciable Assets Investment in Pamela Company Depreciation Expense Other Expenses Dividends declared Accumulated Depreciation Current Liabilities Long-term Debt Common Stock APIC Retained earnings Sales Income from Pamela Totals Jonathan Corporation Debit Credit $200,000 300,000.00 139,500.00 30,000.00 100,000.00 30,000.00 60,000.00 62,000.00 75,000.00 100,000.00 60,000.00 120,000.00 300,000.00 22,500.00 $799,500 $799,500 75,000.00 25,000.00 90,000.00 75,000.00 0.00 65,000.00 110,000.00 $440,000 $440,000 REQUIRED: Provide answers to the following. Be sure to strictly observe the following rules when inputting your answers: (a) All dollar amounts much include a S. (b) All dollar amounts much include a comuna, if applicable. Part 1: Compute the following: 1. The balance in Investment in Pamela immediately after the acquisitional Page + MacB