Value analysis, D & D schedule eliminations and adjusting entries.

Sondated balance sheet. Exercise 4 (LO 2) Equity method, second year, eliminations, income statement. The trial balances of Parker and Sargent companies of Exercise 3 for are pre- sented as follows: Parker Sargent Current Assets 102,000 115,000 Depreciable Fixed Assets 400,000 200,000 (130,000) 40,000 Accumulated Depreciation 320,000 Investment in Sargent Company (80,000) Current Liabilities (300,000) (100,000) Common Stock ($10 par) (continued) lnumrnth third party content may be suppressed fom Sondated balance sheet. Exercise 4 (LO 2) Equity method, second year, eliminations, income statement. The trial balances of Parker and Sargent companies of Exercise 3 for are pre- sented as follows: Parker Sargent Current Assets 102,000 115,000 Depreciable Fixed Assets 400,000 200,000 (130,000) 40,000 Accumulated Depreciation 320,000 Investment in Sargent Company (80,000) Current Liabilities (300,000) (100,000) Common Stock ($10 par) (continued) lnumrnth third party content may be suppressed fom