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Prepare the consolidated financial statements using the worksheet approach. (Values in the first twocolumns and last column of the Balance Sheet (the parent, subsidiary and

image text in transcribed Prepare the consolidated financial statements using the worksheet approach. (Values in the first twocolumns and last column of the Balance Sheet (the "parent", "subsidiary" and "consolidated"balances ) that are to be deducted should be indicated with a minus sign, while all values in the"Elimination" entries columns and Income Statement entry columns should be entered aspositive values. For accounts where multiple adjusting entries are required, combine all debitentries into one amount and enter this amount in the debit column of the worksheet. Similarly,combine all credit entries into one amount and enter this amount in the credit column of theworksheet. Leave no cells blank - be certain to enter "0" wherever required. Enter youranswers in dollars. Round your answer to nearest whole dollars.)

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