d. Prepare the consolidation entries for the year ended December 31,2022 e. Prepare the consolidated spreadsheet for the year ended December 31, 2022. Use negative signs with answers in the Consolidated column for Cost of goods sold. Qperating expenses and Dividends: e. Prepare the consolidated spreadsheet for the year ended December 31,2022. Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Consolidation several years subsequent to date of acquisition-Equity method Assume a parent company acquired a subsidiary on january 1,2020. The purchase price was $1,148,000 in excess of the subsidiary's book value of Stockholders' Equity on the acquisition date, and that excess was assigned to the following [A] assets; The [A] assets with definite useful fives have been depreciated or amortized as part of the parent's preconsolidation equity method accounting. The Goodwill asset has been tested annually for impairment, and has not been found to be impaired. The financial statements of the parent and iss subsidia for the year ended December 31,2022 , are as follows: a. Compute the Equity Investment balance as of January 1, 2022. b. Show the computation to yield the $168,000 equity income reported by the parent for the year ended December 31,2022. Do not use negative signs with your answers. C. Show the computation to yield the $2,520,000 Equity Investment account balance reported by the parent at December 31,2022 Do not use negative signs with your answers. d. Prepare the consolidation entries for the year ended December 31,2022. d. Prepare the consolidation entries for the year ended December 31,2022 e. Prepare the consolidated spreadsheet for the year ended December 31, 2022. Use negative signs with answers in the Consolidated column for Cost of goods sold. Qperating expenses and Dividends: e. Prepare the consolidated spreadsheet for the year ended December 31,2022. Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Consolidation several years subsequent to date of acquisition-Equity method Assume a parent company acquired a subsidiary on january 1,2020. The purchase price was $1,148,000 in excess of the subsidiary's book value of Stockholders' Equity on the acquisition date, and that excess was assigned to the following [A] assets; The [A] assets with definite useful fives have been depreciated or amortized as part of the parent's preconsolidation equity method accounting. The Goodwill asset has been tested annually for impairment, and has not been found to be impaired. The financial statements of the parent and iss subsidia for the year ended December 31,2022 , are as follows: a. Compute the Equity Investment balance as of January 1, 2022. b. Show the computation to yield the $168,000 equity income reported by the parent for the year ended December 31,2022. Do not use negative signs with your answers. C. Show the computation to yield the $2,520,000 Equity Investment account balance reported by the parent at December 31,2022 Do not use negative signs with your answers. d. Prepare the consolidation entries for the year ended December 31,2022
