The Individual financial statements for these two companies as of December 31, 2021, and the year then ended follow. Sales Cost of goods sold Operating expenses Equity in earnings in Stinson Net income Retained earnings, 1/1/21 Net income Dividends declared Retained earnings, 12/31/21 Cash and receivables Inventory Investment In Stinson Buildings (net) (64,200) 16,900 McIlroy, Inc. $ (717,000) Stinson, Inc. $ (356,000) 471,200 193,440 (32,936) 217,600 74,200 e $ (85,296) $ (64,200) $ (753,900) $ (281,400) (85,296) 46,700 $ (792,496) $ (328,700) S 269,800 $ 149,780 253,400 130,500 410,467 328,000 203,800 234,200 87,480 e 22,000 $ 593,400 Equipment (net) Patents (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 Total liabilities and equities (Note: Parentheses Indicate a credit balance.) $1,495,867 $ (483,371) (300,000) (792,496) $(1,495,867) $ (164,700) (100,000) (128,700) $ (593,400) a. Show how Mcllroy determined the $410,467 Investment In Stinson account balance Assume that Mcllroy defers 100 percent of downstream Intra-entity profits against its share of Stinson's Income b. Prepare a consolidated worksheet to determine appropriate balances for extemal financial reporting as of December 31, 2021 Complete this question by entering your answers in the tabs below. Required A Required Prepare a consolidated worksheet to determine appropriate balances for extemal financial reporting as of December 31, 2021. (For accounts here multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debt column of the Similarly, combine all credit entries into one amount and enter this amount in the credit column of the variahest. Input all amounts as positive value rksheet MCILROY, INC. AND STINSON, INC. ype here to search Ei 1 or 2 Next >> G