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the problem is done, i just dont know how they did the journal entries to get the numbers in the elimination and adjustment sections. i

the problem is done, i just dont know how they did the journal entries to get the numbers in the elimination and adjustment sections. i just need the journal entries. thank you! image text in transcribed
image text in transcribed
image text in transcribed
problem 4-1 (LO 2) 100\%, equity, ending inventory. On January 1, 2015, 100\% of pe outstanding stock of Solo Company was purchased by Plato Corporation for $3,300,000. The following trial balances of Plato Corporation and Solo Company were prepared on Lar 31,2015 Throughout 2015, sales to Plato Corporation made up 30%0 or surva 25 .ran ana prodiated a 25% gross profit rate. At year-end, Plato Corporation had sold $250,000 of the goods pes- $30,000. None of the Solo products wete is chased from Solo Company and still owed Solo $30,000. None of the Solo products wete in Plato's January 1, 2015, beginning inventory. Prepare the worksheet necessary to produce the consolidated income statement and balance sheet of Plato Corporation and its subsidiary for the year ended December 31, 2015. Indude the determination and distribution of excess schedule. The helow table shows the result of above spreadsheet

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