PRESTIGE CORPORATION ANO CONSOLIDATED SUBSIDIARY Consolidation Worksheet For Year December 31, 2021 Consolidation Entries Accounts Income Statement Sales Cost of goods sold Depreciation expense Amortization expense Equity earnings in SMene Net income Statement of Retained Earnings Retained earnings 1/1 Net income (above) Dividends declared Retained eamings 12/31 Balance Sheet Cash Accounts receivable Inventory Investment in Stylene Equipment (net) Customer lists Trademarks Total assets Accounts payable Common stock - Prestige Common stock Stylene Retained earnings 12/31 Total liabilities and equity Prestige 507,000 105,000 (351,375) 150,000 444,000 890,000 916,000 203,000 271,000 Stylene 1890,000 408,000 (420,000) (420,000) 45,000 70,500 878,000 (800,000) Consolidated Credit Tota Is