here is the picture for this accounting practice work sheet. please please do not combine items in the income statement and BS as i need to punch it in these cells. The first few pictures will be the question and template the last few pictures will be the differnt click options for the income statement and Balance sheet. i know there is a lot if pictures but the last 7 pictures are the differnt item categories i could use for the income statement and balance sheet. there might be a few items not needed but that is all the info for this question. thank yoh so much in advance and i will give a thumbs uo for your answer

hent i Saved Help Sove & Exit Sul On January 2, Year 4. Poplar Ltd, purchased 80% of the outstanding shares of Spruce Ltd. for $2,080,000. At that date, Spruce had common shares of $500,000 and retained earnings of $1,330,000 and accumulated depreciation of $680,000. Poplar acquired the Spruce shares to obtain control of mineral rights owned by Spruce. At the date of acquisition these mineral rights were valued at $770,000, were not recognized on Spruce's separate-entity balance sheet, and had an useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded assets and abilities of Spruce were equal to their fair values On December 31, Year 7, the trial balances of the two companies were as follows: Poplar $ 1,080,000 2,160,000 3,240,000 15,120,00 2,08e, eae Spruce $ 500,000 436,000 2,086,000 2,980,000 Cash Accounts receivable Inventory Plant and equipment Investment in Spruce (cost) Investment in bonds Cost of goods sold Other expenses Interest expense Income tax expense Dividends 496,000 863,680 388,000 2,480, e 970, eee 46,000 726,400 600,000 $25,502,400 $ 2,572,000 4,128,800 500,000 8,000 4,500,000 11,613,600 4.980,000 200,000 430,000 250.000 58,357,600 $2,558,500 1,080,000 Accounts payable Accumulated depreciation: plant and equipment Bonds payable Premium on bonds payable Common shares Betained earnings, January 1 Sales Dividend revenue Interest revenue 500,000 2,109,600 2,000,000 29,500 Interest revenue $28.502, 4ee 29, see $5,357,600 Additional Information The Year 7 net incomes of the two companies are as follows Poplar Ltd. Spruce Ltd. $948,000 525, 5ee The mineral rights owned by Spruce have increased in value since the date of acquisition and were worth $932.200 at December 31. Year 7 On January 2, Year 5. Poplar sold equipment to Spruce for $580.000 The equipment had a carrying amount of $464,000 at the time of the sale. The remaining useful life of the equipment was 5 years. The Year 7 opening inventories of Poplar contained $508,000 of merchandise purchased from Spruce during Year 6 Spruce had recorded a gross profit of $203,200 on this merchandise During Year 7. Spruce's sales to Poplar totalled $1,008,000. These sales were made at a gross profit rate of 35% Poplar's ending inventory contains $308,000 of merchandise purchased from Spruce. Other expenses include depreciation expense Tax allocation will be at a rate of 40% . . (a) Prepare the following consolidated financial statements for Year 7: () Income statement (Input all values as positive numbers.) 1 Poplar Ltd. Consolidated Income Statement Year 7 Skipped Total revenues 0 Total expenses 0 Attributable to Shareholders of Poplar NCI MC (ii) Retained earnings statement (Input all values as positive numbers. Omit $ sign in your response.) Poplar Ltd. Consolidated Statement of Retained Earnings Year 7 (Click to select) (Click to select) $ (Click to select) (Click to select) $ in Balance sheet (Amounts to be deducted should be indicated with a minus sign.) a Consolidated Balance Sheet Dec. 31, Year 7 1 Skipped Total assets 0 Total liabilities and shareholders' equity 0 Required: a) Prepare the following consolidated financials (i) Income statement (Input all values as positive Poplar Ltd. Consolidated Income Statement Year 7 Commission expense Common stock Cost of goods sold Dividend expense equired: .) Prepare the following consolidated fina Income statement (Input all values as Poplar Ltd. Consolidated Income Statement Year 7 Dividends received Gain on sale of assets Income tax expense 1 Interest expense Interest revenue Other expenses equired: ) Prepare the following consolidated financ Income statement (Input all values as pos Poplar Ltd. Consolidated Income Statement Year 7 Rent expense Rental revenues Salary expense Sales Tax revenues nt + ducation.com/ext/map/index.html?_con=con&external_brow ment i (iii) Balance sheet (Amounts to be deducted should Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Accounts payable Accounts receivable Accumulated depreciation Bonds payable ent A (iii) Balance sheet (Amounts to be deducted Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Cash Common shares Current assets Deferred income taxes Inventory It-X + Bucation.com/ext/map/index.html?_con=con&externa nent A (iii) Balance sheet (Amounts to be deducted s Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Investment in bonds Land Mineral rights Non-controlling interest Patents ht ti) Balance sheet (Amounts to be deducte Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Non-controlling interest Patents Plant and equipment Premium on bonds payable Retained earnings hent i Saved Help Sove & Exit Sul On January 2, Year 4. Poplar Ltd, purchased 80% of the outstanding shares of Spruce Ltd. for $2,080,000. At that date, Spruce had common shares of $500,000 and retained earnings of $1,330,000 and accumulated depreciation of $680,000. Poplar acquired the Spruce shares to obtain control of mineral rights owned by Spruce. At the date of acquisition these mineral rights were valued at $770,000, were not recognized on Spruce's separate-entity balance sheet, and had an useful life of 10 years. Except for the mineral rights, the carrying amount of the recorded assets and abilities of Spruce were equal to their fair values On December 31, Year 7, the trial balances of the two companies were as follows: Poplar $ 1,080,000 2,160,000 3,240,000 15,120,00 2,08e, eae Spruce $ 500,000 436,000 2,086,000 2,980,000 Cash Accounts receivable Inventory Plant and equipment Investment in Spruce (cost) Investment in bonds Cost of goods sold Other expenses Interest expense Income tax expense Dividends 496,000 863,680 388,000 2,480, e 970, eee 46,000 726,400 600,000 $25,502,400 $ 2,572,000 4,128,800 500,000 8,000 4,500,000 11,613,600 4.980,000 200,000 430,000 250.000 58,357,600 $2,558,500 1,080,000 Accounts payable Accumulated depreciation: plant and equipment Bonds payable Premium on bonds payable Common shares Betained earnings, January 1 Sales Dividend revenue Interest revenue 500,000 2,109,600 2,000,000 29,500 Interest revenue $28.502, 4ee 29, see $5,357,600 Additional Information The Year 7 net incomes of the two companies are as follows Poplar Ltd. Spruce Ltd. $948,000 525, 5ee The mineral rights owned by Spruce have increased in value since the date of acquisition and were worth $932.200 at December 31. Year 7 On January 2, Year 5. Poplar sold equipment to Spruce for $580.000 The equipment had a carrying amount of $464,000 at the time of the sale. The remaining useful life of the equipment was 5 years. The Year 7 opening inventories of Poplar contained $508,000 of merchandise purchased from Spruce during Year 6 Spruce had recorded a gross profit of $203,200 on this merchandise During Year 7. Spruce's sales to Poplar totalled $1,008,000. These sales were made at a gross profit rate of 35% Poplar's ending inventory contains $308,000 of merchandise purchased from Spruce. Other expenses include depreciation expense Tax allocation will be at a rate of 40% . . (a) Prepare the following consolidated financial statements for Year 7: () Income statement (Input all values as positive numbers.) 1 Poplar Ltd. Consolidated Income Statement Year 7 Skipped Total revenues 0 Total expenses 0 Attributable to Shareholders of Poplar NCI MC (ii) Retained earnings statement (Input all values as positive numbers. Omit $ sign in your response.) Poplar Ltd. Consolidated Statement of Retained Earnings Year 7 (Click to select) (Click to select) $ (Click to select) (Click to select) $ in Balance sheet (Amounts to be deducted should be indicated with a minus sign.) a Consolidated Balance Sheet Dec. 31, Year 7 1 Skipped Total assets 0 Total liabilities and shareholders' equity 0 Required: a) Prepare the following consolidated financials (i) Income statement (Input all values as positive Poplar Ltd. Consolidated Income Statement Year 7 Commission expense Common stock Cost of goods sold Dividend expense equired: .) Prepare the following consolidated fina Income statement (Input all values as Poplar Ltd. Consolidated Income Statement Year 7 Dividends received Gain on sale of assets Income tax expense 1 Interest expense Interest revenue Other expenses equired: ) Prepare the following consolidated financ Income statement (Input all values as pos Poplar Ltd. Consolidated Income Statement Year 7 Rent expense Rental revenues Salary expense Sales Tax revenues nt + ducation.com/ext/map/index.html?_con=con&external_brow ment i (iii) Balance sheet (Amounts to be deducted should Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Accounts payable Accounts receivable Accumulated depreciation Bonds payable ent A (iii) Balance sheet (Amounts to be deducted Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Cash Common shares Current assets Deferred income taxes Inventory It-X + Bucation.com/ext/map/index.html?_con=con&externa nent A (iii) Balance sheet (Amounts to be deducted s Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Investment in bonds Land Mineral rights Non-controlling interest Patents ht ti) Balance sheet (Amounts to be deducte Poplar Ltd. Consolidated Balance Sheet Dec. 31, Year 7 Non-controlling interest Patents Plant and equipment Premium on bonds payable Retained earnings