During 2018, Panther sold Stark a parcel of land for $107,300 and recorded a gain of $19,100 on the sale. Stark still owes Panther $74,400 (current liability) related to the land sale. At the end of 2018, Panther and Stark prepared the following statements in preparation for consolidation. 20 points Stark Panther, Inc. Corporation $ 852,200) 366,600 200,700 (19, 100) 57,725 $(389,000) 204,10o Cont of goods sold Other operating expenses Gain on sale of land Equity in Stark's carnings 87,400 eBook Net incone $ 361,725 $ (97,500) S(316,600) Retained carnings 1/1/18 Met incone Dividends declared 377,000) (361,725) 98,800 $ 639,925) Print (97,500) 35,500 S(378,600) Retained carnings 12/31/18 Cash and receivables Inventory Investment in Stark Trademarks Land, buildings, and equip. (net) Patented technology References $ 135,000 $ 186,000 411,100 748,900 132,400 69,700 844,100 336,400 150,100 $ 2,139,100 $ 874,600 Total assets Liabilities Common atock Additional paid-in capital Retained earnings 12/31/18 $ 771,675) 400,000) (327, 500) (639,925 $(286,300) 175, 000) (378,600 S(874,600) (34,700) Total 1iabilities and equity $ (2,139,100) a. Show how Panther computed its $57,725 equity in Stark's earnings balance. b. Prepare a 2018 consolidated worksheet for Panther and Stark. Complete this question by entering your answers in the tabs below Required A Required B Show how Panther computed its $57,725 equity in Stark's earnings balance. 97,500 22,625 (75,000) 64,125 19,100 tark reported net income atented amortzation inventory gross proft nding inventory gross profit deferred of land gain on sale Equity in Stark's earnings $ 57,725 Required B> During 2018, Panther sold Stark a parcel of land for $107,300 and recorded a gain of $19,100 on the sale. Stark still owes Panther $74,400 (current liability) related to the land sale. At the end of 2018, Panther and Stark prepared the following statements in preparation for consolidation. 20 points Stark Panther, Inc. Corporation $ 852,200) 366,600 200,700 (19, 100) 57,725 $(389,000) 204,10o Cont of goods sold Other operating expenses Gain on sale of land Equity in Stark's carnings 87,400 eBook Net incone $ 361,725 $ (97,500) S(316,600) Retained carnings 1/1/18 Met incone Dividends declared 377,000) (361,725) 98,800 $ 639,925) Print (97,500) 35,500 S(378,600) Retained carnings 12/31/18 Cash and receivables Inventory Investment in Stark Trademarks Land, buildings, and equip. (net) Patented technology References $ 135,000 $ 186,000 411,100 748,900 132,400 69,700 844,100 336,400 150,100 $ 2,139,100 $ 874,600 Total assets Liabilities Common atock Additional paid-in capital Retained earnings 12/31/18 $ 771,675) 400,000) (327, 500) (639,925 $(286,300) 175, 000) (378,600 S(874,600) (34,700) Total 1iabilities and equity $ (2,139,100) a. Show how Panther computed its $57,725 equity in Stark's earnings balance. b. Prepare a 2018 consolidated worksheet for Panther and Stark. Complete this question by entering your answers in the tabs below Required A Required B Show how Panther computed its $57,725 equity in Stark's earnings balance. 97,500 22,625 (75,000) 64,125 19,100 tark reported net income atented amortzation inventory gross proft nding inventory gross profit deferred of land gain on sale Equity in Stark's earnings $ 57,725 Required B>