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 115,000 200,00O (40,000 102,000 400,00O (130,000) 320,000 (80,000) 300,000 (100,000) Depreciable Fixed Assets Accumulated Depreciation