an advance accounting problem

Project Description:

on januari 1, 20x1, prange company acquired 80% of the common stock of seaman company for $500,000. on this date seaman had a total owners' equity of $400,000. any excess of cost over book value is attributable to patent, which is to be amortized over 20 years.
during 20x1 and 20x2, prange has appropriate tell accounted for its investment in seaman using simple equity method.
on january 1, 20x2, prange held merchandise acquired from seaman for $30,000. during 20x2, seaman sold merchandise to prange for $100,000, of wich $20,000 is held by prange on december 31, 20x2, seaman's gross profit on all sales is 40%
on december 31, 20x2, prange still owes seaman $20,00 for merchandise acquired in december.
required:
complete the figure worksheet for consolidated financial statements for the year ended december 31 20x2
Skills Required:
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