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Please let me know the correct fill ins. I am a little confused Parrot Corporation acquired 70% of Hollow Co. on January 1, 2017 for

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Please let me know the correct fill ins. I am a little confused

Parrot Corporation acquired 70% of Hollow Co. on January 1, 2017 for $35,000 cash when Hollon stockholders' equity consisted of $12,000 of Common Stock and $3,000 of Retained Earnings. The difference between the price paid by Parrot and the underlying equity acquired in Hollow was allocated solely to a patent amortized over 10 years. The separate company statements for Parrot and Hollow appear in the first two columns of the partially completed consolidation working papers Complete the consolidation working papers for Parrot and Hollow for the year 2017 Eliminations Parrot Hollow Debit Credit Consolidated COME STATEMENT 1,960 ost of Sales Other Expenses Noncontrolling Int exp Retained Add 4,700 4,000) 2,300) 13100 6,300 10,460 Dixidend Retained 18,wo 5 18,460 3,900 ash ccounts 2,000 0005,500 4.000 27,000 60,000 35,560 and quipment and Investment in ollow Co LIAB.&EQUITY 83,100 Accounts payable apita Retained 1/1 Noncontrol 41,000 18,460 7,300 Interest 12/31 Noncontrol nterest TOTAL LIAB. & EQUITY150,360 $102,400

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