What I mainly need is the Consolidation Worksheet, I've found the rest of the material posted by previous users. Please tell me the actual formula you use for Investment in Suaro, Income of Suaro, and Retained Earnings Acct.

December 31, 2015, trial balances
	Pecos	Suaro
Revenues	(1052000)	(427000)
Operating Expenses	821000	262000
Goodwill Impairment Loss	?
Income of Suaro	?
Net Income	?	(165000)
Retained Earnings-Pecos 1/1/15	?
Retained Earnings-Suaro 1/1/15		(201000)
Net Income (above)	?	(165000)
Dividends Declared	200000	35000
Retained Earnings for 12/31/15	?	(331000)
Cash	195,000	95,000
Receivables	247,000	143,000
Inventory	415,000	197,000
Investment in Suaro	?
Land	341,000	85,000
Equipment (net)	240,100	100,000
Software		312,000
Other Intangibles	145,000	0
Brand Name		0
Goodwill		0
Total Assets	?	932,000
Liabilities	(1,537,100)	(251,000)
Common Stock	(500,000)	(350,000)
Retained Earnings (above)	?	(331,000)
Total Liabilites & Equity	?	(932,000)

Computer Project Alternative Investment Methods, Goodwill Impairment, and Consolidated Financial Statements In this project, you are to provide an analysis of alternative accounting methods for controlling interest investments and subsequent effects on consolidated reporting.

The project requires the use of a computer and a spreadsheet software package (e.g., Microsoft Excel, etc.). The use of these tools allows you to assess the sensitivity of alternative accounting methods on consolidated financial reporting without preparing several similar worksheets by hand.

Also, by modeling a worksheet process, you can develop a better understanding of accounting for combined reporting entities.

Consolidated Worksheet Preparation You will be creating and entering formulas to complete four worksheets. The first objective is to demonstrate the effect of different methods of accounting for the investments (equity, initial value, and partial equity) on the parent company's trial balance and on the consolidated worksheet subsequent to acquisition. The second objective is to show the effect on consolidated balances and key financial ratios of recognizing a goodwill impairment loss. The project requires preparation of the following four separate worksheets: a. Consolidated information worksheet (follows). b. Equity method consolidation worksheet. c. Initial value method consolidation worksheet. d. Partial equity method consolidation worksheet.

Project Scenario Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on January 1, 2014, when Suaro had the following balance sheet: At the acquisition date, the fair values of each identifiable asset and liability that differed from book value were as follows: Additional Information Although at acquisition date Pecos expected future benefits from Suaro's in-process research and development (R&D), by the end of 2014, it became clear that the research project was a failure with no future economic benefits. During 2014, Suaro earns $75,000 and pays no dividends. Selected amounts from Pecos and Suaro's separate financial statements at December 31, 2015, are presented in the consolidated information worksheet. All consolidated worksheets are to be prepared as of December 31, 2015, two years subsequent to acquisition. Pecos's January 1, 2015, Retained Earnings balancebefore any effect from Suaro's 2014 incomeis $(930,000) (credit balance). Pecos has 500,000 common shares outstanding for EPS calculations and reported $2,943,100 for consolidated assets at the beginning of the period. Following is the consolidated information worksheet. Page 146 Project Requirements Complete the four worksheets as follows:

1. Input the consolidated information worksheet provided and complete the fair-value allocation schedule by computing the excess amortizations for 2014 and 2015.

2. Using separate worksheets, prepare Pecos's trial balances for each of the indicated accounting methods (equity, initial value, and partial equity). Use only formulas for the Investment in Suaro, the Income of Suaro, and Retained Earnings accounts.

3. Using references to other cells only (either from the consolidated information worksheet or from the separate method sheets), prepare for each of the three consolidation worksheets: Adjustments and eliminations. Consolidated balances.

4. Calculate and present the effects of a 2015 total goodwill impairment loss on the following ratios for the consolidated entity: Earnings per share (EPS). Return on assets. Return on equity. Debt to equity. Your worksheets should have the capability to adjust immediately for the possibility that all acquisition goodwill can be considered impaired in 2015.

5. Prepare a word-processed report that describes and discusses the following worksheet results: a. The effects of alternative investment accounting methods on the parent's trial balances and the final consolidation figures. b. The relation between consolidated retained earnings and the parent's retained earnings under each of the three (equity, initial value, partial equity) investment accounting methods. c. The effect on EPS, return on assets, return on equity, and debt-to-equity ratios of the recognition that all acquisition-related goodwill is considered impaired in 2015.