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Just need the red that is all! Thanks Just need the red that is all thanks! Price Company purchased 90% of the outstanding common stock

Just need the red that is all! Thanks

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Just need the red that is all thanks!

Price Company purchased 90% of the outstanding common stock of Score Company on January 1, 2011, for $451,980. At that time, Score Company had stockholders' equity consisting of common stock, $201,200; other contributed capital, $162,900; and retained earnings, $90,500. On December 31, 2015, trial balances for Price Company and Score Company were as follows: Score $107,400 $78,000 95,500 Cash Accounts Receivable Note Receivable Inventory Investment in Score Company Plant and Equipment Land Dividends Declared Cost of Goods Sold Other Expenses 164,300 76,500 311,600 161,200 451,980 926,400423,000 71,400 50,700 815,400 242,200 254,600 123,700 $3,336,180 $1,245,700 157,500 70,500 Total Debits Accounts Payable Notes Payable Common Stock Other Contributed Capital Retained Earnings, 1/1 Sales Dividend and Interest Income $129,500 $45,900 297,800 121,600 506,300 201,200 162,900 695,400 207,500 506,600 260,900 1,393,000 53,280 Total Credits $3,336,180 $1,245,700 Price Company's note receivable is receivable from Score Company. Interest of $7,650 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 first.) Retained Earnings Statement Retained Earnings 1/1 695400 207500 207500 695400 Net Income 376280 140700 53280 7650 14070 457280 Dividends Declared 70500 50700 45630 5070 70500 Retained Earnings 12/31 1001180 297500 53280 9000 1082180 Balance Shee Cash 107400 78000 185400 Accounts Receivable 164300 95500 259800 Note Receivable 76500 76500 Inventory 311600 161200 472800 Investment in Subsidiary 451980 451980 Difference between Implied and Book Value 54320 54320 Plant and Equipment 926400 423000 1349400 Land 157500 71400 228900 Goodwill 54320 54320 Total 2195680 829100 2550620 Accounts Payable 129500 45900 175400 Notes Payable 297800 121600 76500 342900 Common Stock 506300 201200 201200 506300 Other Contributed Capital 260900 162900 162900 260900 Retained Earnings 1001180 297500 260780 53280 9000 1082180 Noncontrolling Interest 1/1 66020 66020 Noncontrolling Interest 12/31 75020 75020 2195680 829100 810020 810020 2550620

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