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can you help me with this question please... P 7-3 Subsidiary Purchases Parent Bonds The separate trial balance ended 2014 is as folkrws for Thanos

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can you help me with this question please...

P 7-3 Subsidiary Purchases Parent Bonds The separate trial balance ended 2014 is as folkrws for Thanos SA and Merry SA its 90 percent owned subsidiary for the year Merry SA Thanos SA 5 600 S 400 25 5 700 s 800 $ 1,400 S 1.400 5 460 5 700 S 1,000 Accoumes receivable Interest receivable S 1.100 s 1,900 S 1,100 $ 2,000 Building-ner Imestment in Thanos SA bonds Isvestment in Merry SA Cost of sales Interest expense Ocher expenses Dividends S 3,600 s 2800 S 100 5 1,100 S 300 $15,700 S 2.400 s 700 $ 100 $8.983 Total Credits Accounts payable Interest payable 10 percent bonds payable Common stock Retained Earnings Sales Gain on sale of land Gain on sale of equipment Interest income $ 1,000 S 1,300 5 50 S 1,000 s 5,000 S 3,380 S 4,800 $ 2,000 s 2.085 $ 3,700 s 200 $ 100 S T0 $ 15,700 8.983 Total ADDITIONAL INFORMATION 1. Thasos SA acquired Merry SA when the book value of its net identifiable assets equal to the fair value. 2. Intercompany merchandise sale during 2014 by Thanos SA to Merry SA was $800,000 with unrealized profit of $100,000 remained in the ending inventory SA holds the land until 2015 selling this equipment was $100,000. originally issued at par for $440,000. The bonds will mature on January 1, 201 3. Thanos SA purchased land from Merry SA with book value of $800,000 for $1,000,000 in 2014. Thanos 4. Merry SA purchssed equipment from Thanos SA for $700,000 on December 31, 2014. The gain from 5. On January I, 2014, Merry SA purchased half of Thanos SA's 10 percent outstanding bonds that were 17. The bonds paid interest every January 1 and July 1. REQUIRED: Prepare a consolidation 31, 2014 ion workpapers for Thanos SA and subsidiary for the year ended December T

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