Pruitt Sedbrook Corporation Company Cash $90,700 $95,500 Accounts Receivable (net) 245,700 135,200 Inventory 1/1 163,900 131,800 Investment in Sedbrook Co. 623,070 Other Assets 551,000 483,900 Dividends Declared 110,800 34,800 Purchases 936,900 418,500 Other Expenses 197,300 163,300 Total $2.919.370 $1,463,000 Accounts Payable $76,800 $36,000 Other Liabilities 119,700 47,300 Common Stock 872,500 596,400 Retained Earnings (1/1) 599.800 143,200 Sales 1,219,250 640,100 Dividend Income 31,320 Total $2,919,370 $1,463,000 $218,900 $142,800 Ending Inventory Prepare the consolidated statements workpaper for the year ended December 31, 2016. (List items that increase retained earnings first.) PRUITT CORPORATION AND SUBSIDIARY For the Year Ended December 31, 2016 Income Statement Cost of Goods Sold: Retained Earnings Statement Balance Sheet Total 1/1 Noncontrolling Interest in Net Assets 12/31 Noncontrolling Interest Total Pruitt Sedbrook Corporation Company Debit Eliminations Noncontrolling Consolidated Credit Interest Balances $ $