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10. The balance in the retained earnings account after the change is A. $90,000 B,$100,000 C. $125,000 D. $250,000 11. Among the assets on the December 31,2011 balance sheet of the Wolf Corporation was the following Investment in Sheep Company 1,000 shares $90 bought January 1,2011 $90,000 The net worth section of the balance sheet of the Sheep Company on the same date was as follows: NET WORTH $100,000 Capital Stock, 1,000 shares Deficit January 1, 2011 $20,000 15,000 Less Operating Profit 2011 Deficit December 31, 2011 Total Net worth $ 95,000 The net debit or credit to Consolidated Surplus arising from consolidation of the Sheep Company with the parent Wolf Corporation is A. $3,000 credit C. $7,000 debit B. $5,000 credit D. $10,000 credit 10. The balance in the retained earnings account after the change is A. $90,000 B,$100,000 C. $125,000 D. $250,000 11. Among the assets on the December 31,2011 balance sheet of the Wolf Corporation was the following Investment in Sheep Company 1,000 shares $90 bought January 1,2011 $90,000 The net worth section of the balance sheet of the Sheep Company on the same date was as follows: NET WORTH $100,000 Capital Stock, 1,000 shares Deficit January 1, 2011 $20,000 15,000 Less Operating Profit 2011 Deficit December 31, 2011 Total Net worth $ 95,000 The net debit or credit to Consolidated Surplus arising from consolidation of the Sheep Company with the parent Wolf Corporation is A. $3,000 credit C. $7,000 debit B. $5,000 credit D. $10,000 credit