5 b. Prepare a December 31, 2018, consolidated worksheet for Brooks and Chandler Complete this question by entering your answers in the tabs below 10 points RequiredA RequiredB Prepare a December 31, 2018, consolidated worksheet for Brooks and Chandler. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.) eBook BROOKS AND CHANDLER Consolidation Worksheet For Year Ending December 31, 2018 Print References Consolidation Entries Consolidated Totals Accounts Brooks Chandler Debit Credit Income Statement Revenues Cost of goods sold Gain on bargain purchase Depreciation and amortization Equity earnings in Chandler S (775,500) (561,000) 188,000 220,000 (152,000) 138,000 (148,000) 168,000 Net income $ (717,500) (205,000) Statement of Retained Earnings Retained earnings, 1/1 Net income Dividends declared (1,820,000)(645,000) (717,500) (205,000) 30,000 (2,287,500)(820,000) 250,000 Retained earnings, 12/31 Balance Sheet Current assets Investment in Chandler Trademarks Patented technology Equipment S 490,500 50,000 223,000 493,000 372,000 S 3,014,500 S1,238,000 1,405,000 123,000 306,000 690,000 Total assets Liabilities Common stock Retained earnings, 12/3 S (192,000) (118,000) (535,000) (300,000) (2,287,500)(820,000) Total liabilities and equity Required A Required B