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5 Stark Revenues Cost of goods sold Other operating expenses Gain on sale of land Equity in Stark's earnings Panther, Inc $(925,488) 398, 288 217,908
5 Stark Revenues Cost of goods sold Other operating expenses Gain on sale of land Equity in Stark's earnings Panther, Inc $(925,488) 398, 288 217,908 (28,788) Corporation s(486,8e8) 213,8e8 91,288 10 points Net income $(389,958) $ (181,888) Retained earnings 1/1/18 Net income Dividends declared $(382,588) (389,958) $ (338,788) (181,888) 4e,588 $ (392,808) 186,6e Retained earnings 12/31/18 Cash and receivables Inventory Investment in Stark Trademarks Land, buildings, and equip Patented technology $ (665,858) 153,800 465, 788 828,488 eBook $ 285,808 145, 780 Print 76,688 369,788 8165,e8 $ 962,eee . (net) 956,588 $ 2,395,688 Total assets Liabilities Common stock Additional paid-in capital Retained earnings 12/31/18 References $ (99e,858) (489,888) (338,908) 665,85e $ (2,395,688) $ (314,658) (215,e08) (48,358) 392 , Total liabilities and equity $ (962,808) a. Show how Panther computed its $59,950 equity in Stark's earnings balance. b. Prepare a 2018 consolidated worksheet for Panther and Stark. Complete this question by entering your answers in the tabs below Required A Required B Show how Panther computed its $59,950 equity in Stark's earnings balance Equity in Stark's earnings Required B >
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