The partial trial balances of P Co. and S Co. at December 31, Year 10, were as follows: P Co. Dr Cr. Dr S Co. Cr. Investment in S. Co. 252,000 Common shares Retained earnings, beginning of year 168,000 149,000 204,000 80,500 Additional Information The investment in the shares of S Co. (a 90% interest) was acquired January 2, Year 6, for $252,000. At that time, the shareholders' equity of S Co. was common shares of $204,000 and retained earnings of $38,000 and the common shares for P Co. of $168,000. Net incomes of the two companies for the year were as follows: P Co. S Co. $78,000 66,000 During Year 10, sales of P Co. to S Co. were $28,000, and sales of S Co. to P Co. were $68,000. Rates of gross profit on intercompany sales in Years 9 and 10 were 30% of sales. On December 31, Year 9, the inventory of P Co. included $25,000 of merchandise purchased from S Co., and the inventory of S Co. included $21,000 of merchandise purchased from P Co. On December 31, Year 10, the inventory of P Co. included $38,000 of merchandise purchased from S Co., and the inventory of S Co. included $23,000 of merchandise purchased from P Co. During the year ended December 31, Year 10, P Co. paid dividends of $30,000 and S Co. paid dividends of $28,000. At the time that P Co. purchased the shares of S Co., the acquisition differential was allocated to patents of S Co. These patents are being amortized for consolidation purposes over a period of five years. In Year 8, land that originally cost $58,000 was sold by S Co. to P Co. for $69,800. The land is still owned by P Co. Assume a corporate tax rate of 40%. Required: Prepare a consolidated statement of changes in equity for the year ended December 31, Year 10. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Omit $ sign in your response.) P Co. Consolidated Statement of Changes in Equity For Year Ended December 31, Year 10 Common Shares Balance, beginning of year Add: Net income $ Less: Dividends Retained earnings, Dec. 31 Retained Earnings $ $ Total Non-controlling Interest Total $ $ $ $ $ $