prepare November 30, 2014, consolidated balance sheet workpaper. Any difference between book value of equity and the value implied by the purchase price relates to subsidiary long-term assets.(Round answers to 0 decimal places, e.g. 125.)

Problem 3-1 The two following separate cases show the financial position of a parent company and its subsidiary company on November 30, 2014, just after the parent had purchased 90% of the subsidiary's stock: Case I Case II P Company S Company P Company S Company Current assets $ 873,500 $258,800 $ 782,100 $277,200 Investment in S Company 188,500 188,500 Long-term assets 1,396,800 396,300 1,202,000 396,300 Other assets 89,100 40,200 69,300 70,000 Total $2,547,900 $695,300 $2,241,900 $743,500 Current liabilities $ 645,100 $267,400 $ 701,100 $258,900 Long-term liabilities 852,100 289,300 920,000 269,300 Common stock 598,500 179,300 598,500 179,300 Retained earnings 452,200 (40,700 ) 22,300 36,000 Total $2,547,900 $695,300 $2,241,900 $743,500 (a1) Case I: Prepare a November 30, 2014, consolidated balance sheet workpaper. Any difference between book value of equity and the value implied by the purchase price relates to subsidiary long- term assets. (Round answers to 0 decimal places, e.g. 125.)