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hello can you please help me answer / understand. thank you Pruitt Corporation owns 90% of the common stock of Sedbrook Company. The stock was

hello can you please help me answer / understand. thank you
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Pruitt Corporation owns 90% of the common stock of Sedbrook Company. The stock was purchased for $628,290 on January 1,2012. when Sedbrook Company's retained earnings were $95,100. Preclosing trial balances for the two companies at December 31,2016 , are presented here: The Jansary 1,2016, inventory of Sedbrook Company includes $24,900 of profit recorded by Prvitt Corporation on 2015 sales. During 2016, Pruitt Corporation made intercompary sales of 5249.300 with a markup of 20% on cost. The ending inventory of Sedbrook Company includes goods purchased in 2016 from Pruitt for $60.000 Pruitt Corporation owns 90% of the common stock of Sedbrook Company. The stock was purchased for $628,290 on January 1,2012. when Sedbrook Company's retained earnings were $95,100. Preclosing trial balances for the two companies at December 31,2016 , are presented here: The Jansary 1,2016, inventory of Sedbrook Company includes $24,900 of profit recorded by Prvitt Corporation on 2015 sales. During 2016, Pruitt Corporation made intercompary sales of 5249.300 with a markup of 20% on cost. The ending inventory of Sedbrook Company includes goods purchased in 2016 from Pruitt for $60.000

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