D.com/secursulackdown Oled: Assignment 2 Parento Inc. owns 80% of Santana Corp. The consolidated financial statements of Parento follow PARENTO INC. CONSOLIDATED BALANCE At December 31, Year 4 Year A Cash " 17-200 Accounts receivable 59,400 342,100 385.366 Inventory Land Buildings and equipment Accumulated depreciation Databases Accounts payable Accrued liabilities Bonds payable 316,000 232,000 186,000 388,000 540,000 1224,140) 35,300 $1,215,340 $210,00 (181,460) 23,308 $1,043,760 $197,318 Bond premium Common shares Retained earnings Non-controlling interest 39,400 28,000 270,000 310,000 8,640 5,450 100,000 180,000 475,440 385,000 26.040 24,000 $1,216,340 $1,043,760 Sales . CONSOLIDATED INCOME STATEMENT For the year ended December 31, Year 4 Cost of sales Selling expense Administrative expense Interest expense Income tax Net income Attributable to: Parento's shareholders Non-controlling interest $1,038,000 $519,000 155,700 165,000 38,400 42,200 $20,300 $117,700 $ 111,660 6,540 Paranto Ine nurhased ite R interest in Santana Com on lanan 1 ? for R000 when Santana hart not act of cannon C @ 2 W #3 E < Prev 5 of 6 Next > MacBook Pro % 4 5 6 7 R T G B H S