e. Prepare the consolidation worksheet for the period ended December 31, 2021. Use the (picture format) template provided below. (20 POINTS) PRIYA CORPORATION Consolidation Worksheet For the Period Ending December 31, 2021 Accounts Income Statemen Sales Cost of Goods Sold Less Depreciation Expense, Building Les Depreciation Expense Equipment Les Selling & Administrative Expense Income from Sheldon Corp. PRIYA'S SHELDON'S an CONSOLIDATION ENTRES Deb Consolidated Credit Totals 760,800 5 692,000 (342,000 S (211,000) (58,600) $ (1600) (41.300 $ (24,700) 5 (159,000) S (119,600) $ 31,100 Net Income $ 478,000 S 318.100 Statement of Retained Earning Retained Earnings (01/01/201 Net income (above) $ 788,500 $ 235,000 471,000 15 318,100 Dividends Declared 5 60,000 $ 140,000) Retained earnings, 12/31/2 5 1,205,500 5 513.100 Balance Sheet Cash 751,800 $ 318.700 Accounts Receivable $ 294,000 $ 197,000 Inventory $ 473,000 $ 210,000 Investment in Sheldon Corp. $ 1,243,100 Building $ 625,000 $ 292,500 Land 3 807,000 $ 291.000 Equipment 315,000 $ 345,000 Accumulated Depreciation Accumulated Depreciation Equip $ (241,400) 5 155,800 (154.2001 5 Total Ass 4,109,300 S 74,100 1,574,300 Accounts Payable 178,000 5 172,800 Bonds Payable S Common Stock ($1 par 540,000 659.000 3 108,400 3 315.000 Additional Paid in Capital 1,525,000 413,000 Retained earnings, 12/31/21 (above 1,206500 5 $13,100 Total Liabilities & Stockholders' Equity S 4,109,300 $ 1,524,300 NET ASSETS ASSETS LIABILITIES TOTAL STOCKHOLDERS EQUITY