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Consolidated Workpaper, Treasury Stock, Cost Method December 31,2024, trial balances for Pledge Company and its subsidiary Stom Company follow: Additional information: 1. Receivables of Pledge

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Consolidated Workpaper, Treasury Stock, Cost Method December 31,2024, trial balances for Pledge Company and its subsidiary Stom Company follow: Additional information: 1. Receivables of Pledge Company include a $55,000,12% note receivable from Stom Company. 2. Interest amounting to $6,600 has been accrued by each company on the note payable from Stom to Pledge. Stom Company has not yet paid this interest. 3. The difference between book value and the value implied by the purchase price relates to subsidiary land. Required: Prepare a consolidated statements workpaper for the year ended December 31, 2024

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