from an Internet location and might be unsafe. Click for more details. Enable Editing 2 3 Sut $36 68 112 Pen Assets Cash $64 Accounts receivable 90 Inventories 286 Investment in Sut 400 Equipment net 760 $1,600 Liabilities and Stockholders' Equity Accounts payable $80 Common stock, $20 par 920 Retained earnings 600 $1,600 350 $566 $66 300 200 S566 Required: 1. Prepare a consolidated balance sheet for Pen Corporation and Subsidiary at December 31, 2017. 2. Compute consolidated net income for 2018 assuming that Pen Corporation reported separate income of $340,000 and Sut Company reported net income of $180,000. (Separate incomes does not include income from the investment in Sut.)