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Qency Corporation acquired an Boks interest in Sadie Corporation in 201 at a cest equal to book *slie and far value In 20x3 sudie seld

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Qency Corporation acquired an Boks interest in Sadie Corporation in 201 at a cest equal to book *slie and far value In 20x3 sudie seld land that cost 560,000 to Perny for 575,000 . The land remained in Pereny's possessicen until 20x5 when Fenny sold it to an outside entry for 5100,000 . and a credit 10 gain on sale of land for 125,060 . Penty uses the complete equity method to account for the investment in Sadie The following figures were obtained from the financial statemeats of Penny afd Sodie. Note: Penry's Separate income includes at entries apprcpriate for the transactions described above. it does not inctude ary oceruals related to she entrins Penny ihould fecard under the equity method: On the atizched rereadsheet, enter the amounts that would appear on the Consoldaded Finsncial Statemens, Click Here to Downlosd the aftached escel sprnadshert. comiplite the spltadkhevt, swve it on your computer, and upload the completed spreadsheet to the drop bos below. On the astachod spreadtheet, enter the amounts that would appear sn the Consoidated Finsocial Sintements Click Here to Downlead the attached excel ipreadsheet costplete the spreadiheet, tave it on your computer, and uplosd the cocrpleied sorendineet to the drop box below

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