25. Pruin Corporation acquired all of the voting stock of Satto Corporation on January 1, 2016, for $210,000 when Satto had common stock of $150,000 and retained earnings of $24,000. The excess of implied over book value was allocated $9,000 to inventories that were sold in 2016, $12,000 to equipment with a 4-year remaining useful life under the straight-line method, and the remainder to goodwill.

Financial statements for Pruitt and Satto Corporations at the end of the fiscal year ended December 31, 2017 (two years after acquisition), appear in the first two columns of the partially completed consolidated statements workpaper. Pruin Corp. has accounted for its investment in Satto using the partial equity method of accounting.

Required:

Complete the consolidated statements workpaper on the next page for Pruin Corporation and Satto Corporation for December 31, 2017.