PRIYA CORPORATION SHELDON CORPORATION Debit Credit Debit Credit Cash $751,800 $318,700 Accounts Receivable 294,000 197,000 Inventory 473,000 210,000 Investment in Sheldon Corp. 1,243,100 Buildings 625,000 292,500 Land 807,000 291,000 Equipment 315,000 345,000 Cost of Goods Sold 342,000 211,000 Depreciation Expense, Building 58,600 18,600 Depreciation Expense, Equipment 41,300 24,700 Selling & Administrative Expense Accounts Payable Dividends Declared Accumulated Depreciation, Bldg Accumulated Depreciation, Equip Bonds Payable Common Stock ($1 par) 159,000 60,000 119,600 40,000 $243,400 156,200 $55,800 74,100 178,000 540,000 172,800 108,400 659,000 315,000 Additional Paid In Capital 1,525,800 415,000 Retained Earnings (01/01/2021) 788,500 235,000 760,800 692,000 Sales Income from Sheldon Corp. 318,100 $5,169,800 $5,169,800 $2,068,100 $2,068,100