Cost Method, Second Year Company P and Subsidiary Company S Worksheet for Consolidated Financial Statements For Year Ended December 31, 2016 1 (CV) Convert to simple equity method as of January 1, 2016. (CY2) Eliminate the current-year intercompany dividends. (EL) Eliminate 90% of the Company S equity balances at the beginning of the year against the investment account. (D)/(NCI) Distribute the $30,000 excess cost as indicated by the D\&D schedule that was prepared on the date of acquisition. This includes the $27,000 excess and the $3,000NCl adjustment. (A) Amortize the patent for the current year and one previous year