Pruitt Corporation Sedbrook Company Cash $83,400 $79,500 Accounts Receivable (net) 211,800 113,000 Inventory 1/1 149,800 110,500 Investment in Sedbrook Co. 566,220 Other Assets 499,400 397,800 Dividends Declared 100,100 29,900 Purchases 845,000 349,100 Other Expenses 180,500 138,700 $2,636,220 $1,218,500 Accounts Payable $70,400 $30,200 Other Liabilities 74,200 39,900 Common Stock 793,900 505,100 Retained Earnings (1/1) 527,100 119,800 Sales 1,109,700 523,500 Equity in Subsidiary Income 60,920 $2,636,220 $1,218,500 Ending Inventory $201,800 $120,000 Prepare the consolidated statements workpaper for the year ended December 31, 2016. (List items that increase retained earnings first.) Income Statement Cost of Goods Sold: Retained Earnings Statement Balance Sheet 1/1 Noncontrolling Interest 12/31 Noncontrolling Interest PRUITT CORPORATION AND SUBSIDIARY For the Year Ended December 31,2016 Pruitt Sedbrook Corporation Company $ Eliminations Noncontrolling Consolidated Debit Credit Interest Balances