At the beginning of 2009, Presidio Company purchased 95% of the common stock of Succe Company for OMR 494,000. On the date, Succe Company stockholders equity consisted of the following: Common Stock Other Contributed Capital Retained Earnings Total OMR 300,000 100,000 120,000 520,000 During 2017, Succo Company reported net income of OMR 40,000 and distributed Dividends in the amount of OMR 19,000. Succo Company retained earnings balance at the end of 2016 amounted to OMR 160,000. Presidio Company uses the equity method Required Prepare in general journal form the workpaper entries necessary in the compilation of Consolidated Financial Statements on December 31, 2017. Explain why the partial and complete equity methods would result in the same entries in this instance. 3) Agentel corporation is a US based importing and exporting company. The company entered into the following transactions during the month of November Nov 6 Purchased merchandise from AGT, Swiss firm for 600.000 francs. Nov 5 Sold merchandise to SLS, Inc. a firm located in Rio De Janeiro, for $ 200,000 Nov 18 Sold merchandise to TNT Ltd., a British firm for 130.000 pounds. Nov20 Purchased merchandise from SDS, Ltd. a British firm for $ 160,000 All the transactions were unsettled at December 31. Agentel Fiscal year end Spot rates are as follows: Date Real 6-Nov 15-Nov 18-Nov 20-Nov 31-Dec Franc 0.490 0.487 0.476 0.468 0.460 0.412 0.409 0.414 0.405 0.398 Pound 1.520 1.509 1.506 1.498 1.482 Required Compute the amount that Agentel would report for each unsettled receivable and payable in its balance sheet prepared at December 31