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prepare consolidated statements workpaper on december 31 2012 any difference between book vakue and the value implied by the purchase price relates to goodwill

CALCULATOR HESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION & BACK Problem 4-10 Poco Company purchased 80% of Solo Company's common stock on January 1, 2012, for $248,400. On December 31, 2012, the companies prepared the following trial balances: Cash Inventory Investment in Solo Company Land Cost of Goods Sold Other Expense Dividends Declared Total Debits Poco Solo $161,100 $126,700 213,600 195,900 403,200 75,100 152,000 415,000 126,100 101,800 78,600 30,000 14,700 $1,399,800 $694,000 Accounts Payable $154,200 $35,300 Common Stock 197,400 149,400 Other Contributed Capital 58,900 35,200 Retained Earnings, 1/1 50,300 61,200 Sales 772,440 412,900 Equity in Subsidiary Income 166,560 Total Credits $1,399,800 $694,000 Prepare a consolidated statements workpaper on December 31, 2012. Any difference between book value and the value implied by the purchase price relates to goodwill. (List iter first.) CALCULATOR HELENY INSTRUCTOR FULL SCREEN PRINTER VERSION CRACK Betained tags. 11 50,300 61,200 772,400 412,900 Equity in Subsidiary Income Total Creats $1,199.00 5694,000 Prepare a consolidated statements workpaper on December 31, 2012. Any difference between book value and the value implied by the purchase price relates to goodwill tistem that increase retained earnings Puce Company and Subsidiary Consolidated Statements Worker For the Year Ended December 31, 2012 Non controlling Income Statement Consolidated

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