1. Complete the following working paper for consolidated balance sheet of AL Manama Corporation and subsidiary. (6 marks)

	ALMANAMA CORPORATION AND SUBSIDIARY Working Paper for Consolidated Balance Sheet September 30, 2017
Assets		AL Manama Corporation	Ahlia Company	Eliminations		Consolidated
				Dr.	Cr.
Inventories		80,000	20,000
Other current assets		60,000	240,000
Investment in Ahlia Co.		550,000
Building (net)		460,000	140,000
Total assets		1,150,000	400,000
Liabilities & Stockholders' Equity
Current liabilities		190,000	30,000
Long-term debt		260,000	90,000
Common stock, $1 par		200,000	70,000
Additional paid-in capital		100,000	50,000
Retained earnings		400,000	160,000
Total liabilities & stockholders' equity		1,150,000	400,000