prout compny owns 80% of the common stock of sexton company. the stock was purchased for $1592800 on january 1 2012, when sexton company's retained earnings were $799,400. on january 1 2014, prout company sold fixes assets to sexton company for $357000. these assets were originally purchased by prout comoany for 398300 on january 1 2004, at which time their estimated depreciable life was 25 years. the straight line method of depreciation is used. prepare a consolidated statements workpaper for the year ended december 31 2015.

CE Prout Company of the common stock of San Cary The stock was purchased for $1.592,800 Juary 1, 2012, when Sexton Company red cars were $79.400 nowy 1, 2014 Como fue esto feston Company for $357,000. They purchased by Prout Company for $98.300 January 1, 2001, which the devotee years. The straight line method of depressed On December 31, 2015, the traces of the comes were the Current A 270.00 21.00 1.50 Sexton Commy 5573,300 1,953.00 1.001.00 1.992.100 1.000 4,700 144.900 1700 Cod indir 0.00 70.000 0,500 400 $3,147,700 Tot Anemiart 5035,100 26100 1.7.100 Dividend Common Stock $304,000 377.100 1.40.100 10.450 2978.500 131120 56521100 1,191,600 10.00 $32.00 On December 31, 2015, the trial balances of the two companies were as shown here: Current Assets Fixed Assets Other Assets Investment in Sexton Company Dividends Declared Cost of Goods Sold Other Expenses (including depreciation) Income Tax Expense Total Prout Company Sexton Company $573,300 $270,200 1,953,800 821,900 1,001,500 1,584,300 1,592,800 118,900 100,600 948,700 790,800 144,900 90,500 187,400 89,400 $6,521,300 $3,747,700 Liabilities Accumulated Depreciation Sales Dividend Income Common Stock Retained Earnings 1/1 Total $135,100 288,100 1,117,100 $304,000 377,100 1,466,100 80,480 2,978,500 1,315,120 $6,521,300 1,191,600 1,015,800 $3,747,700 FUSCE ale acted to workpaper for the year ended December 31, 2015. (tist items that increase reading first.) PROUT COMPANY AND SUBSIDIARY Consolidated Statements Workpaper For the Year Ended December 31, 2015 INCOME STATEMENT Deli Teal 1166100 111100 Fad Income Tax Our Expenses Total Cott tied STATEMENT OF RETAINED EARNINGS 2000-20W STATENINT OF RETAINED EARNINGS BALANCE SHEET the rest CE Prout Company of the common stock of San Cary The stock was purchased for $1.592,800 Juary 1, 2012, when Sexton Company red cars were $79.400 nowy 1, 2014 Como fue esto feston Company for $357,000. They purchased by Prout Company for $98.300 January 1, 2001, which the devotee years. The straight line method of depressed On December 31, 2015, the traces of the comes were the Current A 270.00 21.00 1.50 Sexton Commy 5573,300 1,953.00 1.001.00 1.992.100 1.000 4,700 144.900 1700 Cod indir 0.00 70.000 0,500 400 $3,147,700 Tot Anemiart 5035,100 26100 1.7.100 Dividend Common Stock $304,000 377.100 1.40.100 10.450 2978.500 131120 56521100 1,191,600 10.00 $32.00 On December 31, 2015, the trial balances of the two companies were as shown here: Current Assets Fixed Assets Other Assets Investment in Sexton Company Dividends Declared Cost of Goods Sold Other Expenses (including depreciation) Income Tax Expense Total Prout Company Sexton Company $573,300 $270,200 1,953,800 821,900 1,001,500 1,584,300 1,592,800 118,900 100,600 948,700 790,800 144,900 90,500 187,400 89,400 $6,521,300 $3,747,700 Liabilities Accumulated Depreciation Sales Dividend Income Common Stock Retained Earnings 1/1 Total $135,100 288,100 1,117,100 $304,000 377,100 1,466,100 80,480 2,978,500 1,315,120 $6,521,300 1,191,600 1,015,800 $3,747,700 FUSCE ale acted to workpaper for the year ended December 31, 2015. (tist items that increase reading first.) PROUT COMPANY AND SUBSIDIARY Consolidated Statements Workpaper For the Year Ended December 31, 2015 INCOME STATEMENT Deli Teal 1166100 111100 Fad Income Tax Our Expenses Total Cott tied STATEMENT OF RETAINED EARNINGS 2000-20W STATENINT OF RETAINED EARNINGS BALANCE SHEET the rest