Outline the unique calculations required to complete the consolidation worksheet and Outline the unique calculations required on the statement of cash flows. Assume Posey were to obtain a international subsidiary with non-US$ functioning currency. Prepare a memo that addresses the critical elements listed above .

Income Statement $3,010,000 143,000 1,829,000 184,000 632,000 $801,000 $3,728,000 Other Income Less: COGS Less: Depr. & Amort. Expense Less: Other Expenses Goodwill Impairment Loss Gain on Bond Retirement 145,000 426,000 83,400-2,171,600 249,000 139,000 155,160 Consolidated Net Income NCI in Net Income 154,000 $ 408,160 $268,900 655,400 640,660 $ 17,240 14,740 154,000 425,400 $271,400640,660 Statement of Retained Earnings Beginning Balance Net Income $457,000 $2,848,950 640,660 457,000 425,400 $2,848,950 154,000 51,000 560,000 882,400 $ 322,400 $3.428.610 $3,428,610 $ Balance Sheet $49,500 $39,000 193,850 Current Receivables Inventory 17,750 Buildings & Equipment Less: Accumulated Depreciation Investment in Stargell Stock Investment in Stargell Bonds 1,241,000 2,940,000 1,050,000 1,243,800 985,000 364,900 518,000 1,915,000 597,000 1,789,000 4,855,000 1,647,000 4,860 1,248,660 985,000 Dependable performance Investment in Posey Bonds Goodwill 200,000 200,000 25,000 25,000 2,530,000 59,860 2,456,410 5,981,250 $5,847,800 $ Liabilities &Equity Current Payables Bonds Payable Premium on Bonds Payable Common Stock Premium on Common Stock $213,000 1,000,000 3,000 487,000 267,000 560,000 $699,190 200,000 17750 1,200,000 3,000 487,000 267,000 882,400 540 $894,440 910,000 610,000 3,428,610 910,000 610,000 322,4003,428,610 138,200 Retained Earnings NCI in NA of Stargell Corp. 138,740 $5,847,800 $ 2,530,000 $ 2,857,690 461,140 $ 5,981,250o