Exercise 4 (LO 2) Equity method, second year, eliminations, income statement. The trial balances of Parker and Sargent companies of Exercise 3 for December 31, 2016, are pre- sented as follows: Parker Sargent 102,000 115,000 400,000 200,000 (130,000) (40,000) 320,000 (80,000) Investment in Sargent Company Common Stock($10 par). . (300,000 (100,000) (continued)