The two following separate cases show the financial position of a parent company and its subsidiary company on November 30, 2014, just after the parent had purchased 90% of the subsidiary's stock: Casel Case II P Company S Company P Company S Company Current assets $ 879,000 $ 262,300 $778,000 $ 279,100 Investment in S Company 190,700 190,700 Long-term assets 1,413,600 400,300 1,208,300 400,300 Other assets 89,700 40,200 70,700 69,500 Total $ 2,573,000 $ 702,800 $2,247,700 $ 748.900 Current liabilities $646,400 $ 272,300 $694,400 $ 260,900 Long-term liabilities 842,100 292,300 917,200 271,200 Common stock 605,200 181,800 605,200 181,800 Retained earnings 479,300 (43,600) 30,900 35,000 Total $ 2,573,000 $ 702,800 $ 2,247,700 $ 748,900 Case I: Prepare a November 30, 2014, consolidated balance sheet workpaper. Any difference between book value of equity and the value implied by the purchase price relates to subsidiary long-term assets. (Round answers to decimal places, e.g. 125.) P COMPANY AND SUBSIDIARY Consolidated Balance Sheet Workpaper November 30, 2014 Eliminations Noncontrolling Consolidated Case 1 Company Company Dr. Interest Balance Current Assets S879.000 $ 262.300 $ 1141300 Investment in Company 190,700 190700 Difference between Implied and Book Value Long-term Assets 1412.600 400,300 Other Assets 89.700 40.200 Total Assets 2573000 702,800 Current Liabilities 646.400 272,300 Long-term Liabilities 842.100 292.300 Common Stock P Company 605.200 s Company 181.800 Retained Earnings P Company 479,300 s Company [43.600) Noncontrolling Interest Total Liabilities and Equity 2.573.000 702.800