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Q3 (10 points): on 1/1/2021 PAM acquired 80% of SIM and 60% of TIM. Trial balances for three companies after the acquisition were: PAM company

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Q3 (10 points): on 1/1/2021 PAM acquired 80% of SIM and 60% of TIM. Trial balances for three companies after the acquisition were: PAM company sold inventory to SIM company on account for 400JD and SIM company sold PAM company on account for 200 JD and SIM company sold TIM company on account for 300 JD and TIM sold PAM company on account for 100 JD. Required: prepare consolidated balance sheet on 1/1/2021

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