Pil acquired 80 % interest in San on January 1 2009, when San's stockholders equity consisted of $150,000 capital stock and $90,000 retained earnings.the excess of investment allocated to building (60%) and patent (40%) and amortized for 10 years

Additional information A. Pil sold inventory to San in 2009 $60,000 and 2010 $72,000, in ending inventory of San for 2009 and ending inventory for 2010 already including unrealized profit which is $10,000 and $12,000. B. San sold to Pil machinery in 1 July 2009 for $35,000. It had book value of 28,000 with and a 3,5 years remaining useful life.(using straight line method of depreciation) C. 1 June 2010, San sold to Pil land for $20,000 when the book value of land is $15,000 D. Pil account receivable includes $10,000 due from San

can you show me all computation including journal that affecting and also make a consolidated workpaper for it? thank you

Laporan keuangan dan pe ombined Income and Retained Earnings Statement for the year ended Dec 31, 2010 450,000 16,000 190,000 Dividend income Gain on sales of land Cost of goods sold Operating expenses 100,000 40,000 55,000 120,000 20,000 155,000 200,000 113,000 153,000 Net Income Add: Retained earnings Jan I, 2010 Less: Dividend 150,000 Retained earnings Dec 31, 2010 Balance Sheet at Dec 31,2010 162,000 180,000 100,000 Accounts Receivable Diividend Receivable Inventories 60,000 100,000 Buildings- net Machinery net Investment in S 30,000 280,000 80,000 140,000 330,000 236,000 Total asets Accounts payable Dividend payable Other liabilities Capital stock Retained earnings 1.364,000405,000 200,000 30,000 140,000 800,000 20,000 30,000 150,000 194,000155,000 405,000 Total liabilities & equities 1,364,000