ACCESS IT COMPANY AND NET CONNECT Consolidation Worksheet January 1, 2018 Consolidation Entries Consolidated Access IT Net Connect Debit Credit NCI Balances Cash Investment in NetConnect Capitalized software Computer equipment Communications equipment Research and development asset Patent Goodwil Total assets Long-term debt Common stock-Access IT Common stock-NetConnect Retained earnings Noncontrolling interest Total liabilities and equity 55,000 S 35,000 940,000 975,000 1,060,000 910,000 150,000 50,000 330,000 185,000 S 3,940,000S 750,000 S (935,000) (610,000) (2,600,000) (35,000) (105,000) (405,000) S (3,940,000) S (750,000) S