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this is all of the information provided in the question c. Prepare the consolidation entries for the year ended December 31, 2022 . d. Prepare
this is all of the information provided in the question c. Prepare the consolidation entries for the year ended December 31, 2022 . d. Prepare the consolidation spreadsheet for the year ended December 31, 2022 Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Prepare consolidation spreadsheet for intercompany sale of land - Equity method Assume a parent company acquired its subsidiary on January 1,2020, at a purchase price that was $360,000 in excess of the book value of the subsidiarys Stockholder' 'Equity on the acquisition date. Of that excess, $240,000 was assigned to an unrecorded Patent owned by the subsidiary that is being amortized over a 10-year period. The [A] Patent asset has been amortized as part of the parent's equity method accounting. The remaining $120,000 was assigned to Goodwili, In 2021, the wholly owned subsidiary sold Land to the parent for $144,000. The Land was reported on the subsidiary's balance sheet for $96,000 on the date of sale. The parent uses the equity method to account for its Equity Investment. Financial statements of the parent and its subsidiary for the year ended December 31, 2022 are presented in d, below. a. Show the computation to yield the $60,000 of income (loss) from subsidiary reported by the parent for the year ended December 31,2022 Note: Use a negative sign with an answer to indicate a reduction in the computation. b. Show the computation to yield the $636,000 Equity investment account balance reported by the parent on December 31,2022 . Note: Use a negative sign with an answer to indicate a reduction in the computation. c. Prepare the consolidation entries for the year ended December 31, 2022. d. Prepare the consolidation spreadsheet for the year ended December 31,2022
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