\fAnswer is not complete. POP CORPORATION & SUBSIDIARY Consolidated Financial Statement Worksheet For 20X3 Consolidation Entries Pop Corp. Soda Co. DR CR Consolidated Income Statement Bales 5 264.000 $ 145,000 $ 118,000 291,000 Other Income 13.600 13,800 Less: COGS 190,000) (83,000) 6 130. 100 60 (142,900 Less: Depreciation Expense 25,000) (20,000) 2.200 (47.200) Less: Interest Expense (20,000) (9.200) 29,200) Less: Amortization Expense 8.800 8,800) Income from Soda Company 11.620 0 16,295 0 4,875 Consolidated Net Income 54.220 32 800 145,285 130,100 71,825 NCI in Net Income Controlling Interest in Net Income 54.220 32,800 145,205 130,100 71,825 Statement of Retained Earnings Beginning balance 5 131.900 0 5 64,000 88,000 0 107,900 Net income 54.22 32,800 145,205 130,100 71,825 Less: Dividends declared 34,000) (19,000) 1.000 63 52,000 Ending Balance 5 152, 120 S 77,800 233,295 131,100 127,725 Balance Sheet Cash and Accounts Receivable 5 19.400 0 5 25,800 5 11,000 0 5 34,000 Inventory 160,000 39,000 206,000 .and 84.000 44,000 128,000 Buildings & Equipment 80,000 284,000 48,000 392,000 Less: Accumulated Depreciation (144,000) (85,000) 24.000 0 (253,000 Investment in Soda Company 185.440 0 (185,440 Patents Total Assets 5 508.400 287,800 48,000 5 220.440 323,560 Accounts Payable 5 06.400 3 39,000 $ 11.000 124,40 Bonds Payable 255.180 99,000 354,160 Bonds Premium 2,800 2,800 Common Stock 124.000 70,000 70,000 124,000 Retained Earnings 152, 120 77,800 233.295 131,100 127.725 NCI in NA of Soda Company 44.340 (50 44,340 Total Liabilities & Equity 5 627.680 288,400 3 314,205 5 175,440 777,225