d$.$ Prepare the consolidation spreadsheet for the year ended December $31,2022.$ Hint:$$Use negative signs with answers when appropriate.

Elimination EntriesParentSubDrCrConsolidatedIncome statement:Sales$$3,870,000$$$704,700[$Isales$]$Answer $81$Answer $82$Cost of goods sold$(2,700,000)(423,000)[$Icogs$]$Answer $83$Answer $84[$Icogs$]$Answer $85$Answer $86[$Isales$]$Gross profit$1,170,000281,700$Answer $87$Income $($loss$)$ from subsidiary$60,300[$C$]$Answer $88$Answer $89$Operating expenses$(747,000)(182,700)[$D$]$Answer $90$Answer $91$Net income$$483,300$$$99,000$Answer $92$Statement of retained earnings:BOY retained earnings$$1,964,700$$$364,500[$E$]$Answer $93$

Answer $94$

Net income$483,30099,000$Answer $95$Dividends$(108,000)(13,500)$Answer $96[$C$]$Answer $97$EOY retained earnings$$2,340,000$$$450,000$Answer $98$Balance sheet:AssetsCash$$567,000$$$225,000$Answer $99$Accounts receivable$504,000171,000$Answer $100[$Ipay$]$Answer $101$Inventory$765,000207,000$Answer $102[$Icogs$]$Answer $103$PPE, net$3,600,000387,000[$A$]$Answer $104$Answer $105[$D$]$Answer $106$Customer List$[$A$]$Answer $107$Answer $108[$D$]$Answer $109$Royalty agreement$[$A$]$Answer $110$Answer $111[$D$]$Answer $112$Goodwill$[$A$]$Answer $113$Answer $114$Equity investment$864,000[$Icogs$]$Answer $115$Answer $116[$C$]$Answer $117$Answer $118[$E$]$Answer $119[$A$]$$$6,300,000$$$990,000$Answer $120$Liabilities and stockholders$$ equityAccounts payable$$270,000$$$82,800[$Ipay$]$Answer $121$Answer $122$Other current liabilities$360,000114,300$Answer $123$Long$-$term liabilities$2,250,000234,900$Answer $124$Common stock$612,00045,000[$E$]$Answer $125$Answer $126$APIC$468,00063,000[$E$]$Answer $127$Answer $128$Retained earnings$2,340,000450,000$Answer $129$$$6,300,000$$$990,000$Answer $130$Answer $131$Answer $132$