PROBLEM 4-4 Consolidated Workpaper, Partially Owned Subsidiary, Cost Method Place Company purchased 92% of the common stock of Shaw, Inc. on January 1, 2010, for $400,000. Trial balances at the end of 2010 for the companies were: Place Shaw Cash $ 80,350 $ 87,000 Accounts and Notes Receivable 200,000 210,000 Inventory, 1/1 70,000 50,000 Investment in Shaw, Inc. 400,000