If you could help me please, i would really appreciate, not sure why I keep getting it wrong
Price Company purchased 90% of the outstanding common stock of Score Company on January 1, 2011, for $458,550. At that time, Score Company had stockholders' equity consisting of common stock, $203,200; other contributed capital, $162,700; and retained earnings, $90,600. On December 31, 2015, trial balances for Price Company and Score Company were as follows: Cash $109,700 $76,600 Accounts Receivable 164,400 92,200 Note Receivable 74,600 0 Inventory 315,000 160,400 Investment in Score Company 458,550 0 Plant and Equipment 922,500 414,800 Land 159,200 70,500 Dividends Declared 71,100 49,400 Cost of Goods Sold 818,200 240,000 other Expenses 251,500 124,300 Total Debits 3,344,750 1 228,200 Accounts Payable $134,400 $45,500 Notes Payable 297,600 120,700 Common Stock 494,900 203,200 other Contributed Capital 261,900 162,700 Retained Earnings, 1/1 678,300 211,300 Sales 1,425,730 484,800 Dividend and Interest Income 51,920 0 Total Credits 3,344,750 51 228,200 Price Company's note receivable is receivable from Score Company. Interest of $7,460 was paid by Score to Price during 2015. Any difference between book value and the value implied by the purchase price relates to goodwill. Prepare a consolidated statements workpaper on December 31, 2015. (List items that increase retained earnings rst.) Price Company and Subsidiary Consolidated Statements Workpaper For the Year Ended December 31, 2015 Income statement 7 71 7 v 7 Sales 1,425,730 3: 484,800 $| $| $| $| 1910530 v v x 4 ~I 7 Dividend and Interest Inc $1,920 49,400| J | '3 5 5 '3: Total Revenues 9 1,477,650 484,800 1910530 , e e ""3 Cost of Goods Sold 818,200 240,000 J | 1,058,200 , 7 e 0 Other Expenses 251,500 124,300 7,460J | 368,340 '7 J... _ ___ ._____ ___ Total Cost and Expense 1,069,700 364,300 J ' | ' 1,426,540 7 7 '3'! Net Income 407,950 120,500 483,990 ~/ X X '\\ J 16,270] -16,270 5 0 J v 5 , 4/ J Noncontrolling Interest J 1 J ZI x 3 K! Net Income to Retained Earnings e] 407,950 120,500 7,460 [ 467,720 X Rebalned Earnlngs Statement III Retained Earnings 1/1 c 678,300 _ 7, 7, 163,802 .1 X X .460] 16,270" 7 467,720 , s/ .1 Net Income 6 ? 407,950 120,500 497,400 .2 Dividends Declared .2 > Retained Earnings 12/31 6 Balance sheet .2 Cash .2 Accounts Receivable .2 Note Receivable .2 Inventory .2 Investment in Subsidiary 7 Dl'erence between Implle ~/ Plant and Equipment ~/ ~Land ~/ Goodwlll Total ~/ Accounts Payable ./ .1 x X X -71,100 49,400l l -21700; 7 [7 . 7 . 7 y. 7 x 7 . 1,015,150 l l 147,460i l 1,214,920} _1 _ _nJ. _ _1. 7 v v 7 7 v 109,700 I 76,600 I 186,300 7 7 7 7 7 7 164,400 92,200 256,600 .2 .2 7' .2 7' .2 74,600 '[ '[ '[ 74,600 '[ '[ 7 7 7 7 7 7* 315,000 160,400 l v v 7 x V v 458,550 ] ] l ; ~/ ~/ x ' x ' ~/ ~/ l l ~/ ~/ ~/ ~/ ~/ ~/ _|_ 922,500 1 414,300 _|_ I _|_ J. 1,337,300 ~/ ~/ ~/ ~/ ~/ 159,200 70,500 229,700 ~/ ~/ x ~/ ~/ X l 1 l l _ x ' x ' E\" l ' ~/ x 7 ~/ ~/ x 134,400 134,400} ~/ Notes Payable ./ Common Stock Other Contributed Capital ./ Retained Earnings Nonoontrolling Interest In Noncontrolllng Interest 12/31 \\/ 297,600 [4 [7 120,700 @ 11 494,900 | [7 203,200| , 203,200| I 7| 261,900 [7 162,700 162,700 x J 7,460 | X x [E 49,400 | i" [P 16,270 | 467,720 | 407,950] 120,500 | 7 J .x ./ J 17 J [7 ~/ ~I 63020| 63020| JJJJ QQQQ X 72%
