Home Insert Draw Page Layout Formulas Data Review View Tell me h Draw Eraser Lasso Select A1 fx Problem 3-6 A B D E OFF Add Pen Draw with Trackpad J K L M N P Q Eliminations Noncontrolling Consolidated Dr. Cr. Interest Balance -2345678901212212222222222222223322523 Problem 3-6 PING COMPANY AND SUBSIDIARY Consolidated Balance Sheet Workpaper July 31, 2019 Ping Santos Company Company Cash Accounts Receivable Note Receivable 10 Inventory 11 Advance to Santos Company 12 Investment in Santos Company 14 Plant and Equipment 15 Land 320,000 150,000 600,000 300,000 100,000 1,840,000 400,000 60,000 2,010,000 3,000,000 90,000 1,500,000 90,000 Total Assets 8,020,000 2,440,000 18 Accounts Payable 800,000 140,000 19 Notes Payable 20 Common Stock: Ping Company 900,000 100,000 2,400,000 Santos Company 900,000 23 Other Contributed Capital: Ping Company 2,200,000 Santos Company 26 Retained Earnings: Ping Company Santos Company 30 Noncontrolling Interest Total 32 Advances from Ping Company 33 Interest Payable 34 Interest Receivable Total Liabilities and Equity 36 Journal entry descriptions 680,000 1,720,000 620,000 8,020,000 2,440,000 40 41 42