ONLY CALCULATE FOR THE YEAR 20X4. LEAVE 20X5 and 20X6

CONSOLIDATION WORKSHEET PROBLEM Prepare the corresponding consolidating worksheets based on the following facts. Companies involved: Parent and Sub. Date of acquisition: Jan. 1, 20X3 Date of the worksheets you must prepare: December 31, 20X4 20X5 20X6 Percentage of common shares of S owned by P Price paid by P 80% $ 1,800,000 At the time of acquisition these were some values concerning S: Common stock Aditional paid-in capital Retained earnings Years Inventories