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there is no percent of non-controlling interest provided

Prepare a consolidation worksheet for this business combination.Assume goodwill has been reviewed and there is no goodwillimpairment.

1. The following account balances are for the year ending December 31, 2015 for both companies. John Doe Bubba Manufacturing Enterprises $(298,000,000) $(103,750,000) Revenues 271,000,000 95,800,000 Expenses Equity in income of Bubba Manufacturing 4,361,500) 0 $1 $(31,361,500) 7,950,000) Net income 100,000 $ Retained earnings, January 1, 2015 2,500,000) Net income (above) L7,950,000) 31,361,500) Dividends paid 3,000,000 5,000,000 $(28,861,500) Retained earnings, December 31, 2015 5,050,000) $30,500,000 Current Assets 20,800,000 Investment in Bubba Manufacturing 13,161,500 1,500,000 1,700,000 Land 5,600,000 2,360,000 Buildings Styles Equipment (net) 3,100,000 2,960,000 Total assets $ 53,861,500 27,820,000 Accounts payable SL 3,100,000) (4,900,000) Notes payable 1,000,000) Common stock 2,900,000) 6,000,000) Additional paid-in capital 19,000,000) L 10,870,000) Retained earnings, Dec. 31, 2015 (above) L 28,861,500) 5,050,000) Total liabilities and stockholders' equity $(53.861,500) 27,820,000) Paragraph Styles Editing R/E, 1/1/15 PAGE 2 Net Income Dividends R/E, 12/31/15 Current assets Investment in Bubba Mfg. ds Land Building (net) Equipment (net) Goodwill Total Assets Liabilities Notes Payable Non-controlling Interest 1/1/15 Non-controlling Interest 12/31/15 Common Stock 1. The following account balances are for the year ending December 31, 2015 for both companies. John Doe Bubba Manufacturing Enterprises $(298,000,000) $(103,750,000) Revenues 271,000,000 95,800,000 Expenses Equity in income of Bubba Manufacturing 4,361,500) 0 $1 $(31,361,500) 7,950,000) Net income 100,000 $ Retained earnings, January 1, 2015 2,500,000) Net income (above) L7,950,000) 31,361,500) Dividends paid 3,000,000 5,000,000 $(28,861,500) Retained earnings, December 31, 2015 5,050,000) $30,500,000 Current Assets 20,800,000 Investment in Bubba Manufacturing 13,161,500 1,500,000 1,700,000 Land 5,600,000 2,360,000 Buildings Styles Equipment (net) 3,100,000 2,960,000 Total assets $ 53,861,500 27,820,000 Accounts payable SL 3,100,000) (4,900,000) Notes payable 1,000,000) Common stock 2,900,000) 6,000,000) Additional paid-in capital 19,000,000) L 10,870,000) Retained earnings, Dec. 31, 2015 (above) L 28,861,500) 5,050,000) Total liabilities and stockholders' equity $(53.861,500) 27,820,000) Paragraph Styles Editing R/E, 1/1/15 PAGE 2 Net Income Dividends R/E, 12/31/15 Current assets Investment in Bubba Mfg. ds Land Building (net) Equipment (net) Goodwill Total Assets Liabilities Notes Payable Non-controlling Interest 1/1/15 Non-controlling Interest 12/31/15 Common Stock

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