course name is Consolidated Financial Statements After Acquisition

solve now please

USD (5) QUESTION 2 pl On January 1, 2018 Pony Company purchands of the outstanding common stock of Sur Company for $260.000. Al that time, Star's stocks equity condotcommon stock $220.000 capitat 512000: and intained earings, 320,000 Prepare a consolidated statements work paper on December 31, 2018. Prepare income statement, retained coming statement to hold on the below as the rule wires, bring their effect in the adjustments (mination) and then prepare the consolidated balanced Pony Star Cash 42.000 79.000 Accounts receivable 522.000 80.000 Anventory 30,000 18,000 vestment in San 260,000 0 Plant & equipment 95.000 10,000 Land 39,000 34.000 Dividends declared 20.000 20.000 Cost of goods sold 130,000 40.000 Operating en pense 20.000 14.000 Total debits 600.000 365.000 12,000 20,000 220,000 13.000 Accounts payable Other abilities Common stock Other contributed capital Retained Eamingo Sales Dividend Income Total Credits 10,000 10,000 200,000 60.000 40.000 200,000 10,000 688.000 20.000 60,000 365.000 For the toolbur, press ALT F10 (PC) or ALTOFN+F10 (Mac). BIUS Paragraph Arial 1000 B A 2 I. 5) ck Save and submit to one and submit. Click Save All Ansters to save all answers wwws USD (5) QUESTION 2 pl On January 1, 2018 Pony Company purchands of the outstanding common stock of Sur Company for $260.000. Al that time, Star's stocks equity condotcommon stock $220.000 capitat 512000: and intained earings, 320,000 Prepare a consolidated statements work paper on December 31, 2018. Prepare income statement, retained coming statement to hold on the below as the rule wires, bring their effect in the adjustments (mination) and then prepare the consolidated balanced Pony Star Cash 42.000 79.000 Accounts receivable 522.000 80.000 Anventory 30,000 18,000 vestment in San 260,000 0 Plant & equipment 95.000 10,000 Land 39,000 34.000 Dividends declared 20.000 20.000 Cost of goods sold 130,000 40.000 Operating en pense 20.000 14.000 Total debits 600.000 365.000 12,000 20,000 220,000 13.000 Accounts payable Other abilities Common stock Other contributed capital Retained Eamingo Sales Dividend Income Total Credits 10,000 10,000 200,000 60.000 40.000 200,000 10,000 688.000 20.000 60,000 365.000 For the toolbur, press ALT F10 (PC) or ALTOFN+F10 (Mac). BIUS Paragraph Arial 1000 B A 2 I. 5) ck Save and submit to one and submit. Click Save All Ansters to save all answers wwws