K On March 22, 2023, Rosa Corp paid $1,800.000 to purchase 75 percent of the common shares of Randline Inc., and Rosa Corp owes Randline Inc. $420,000 on a note payable. The fair market value of Randline Inc.'s nyt assets equalled the book value Immediately aft the purchase, the two companies' balance sheets were as follows (Click the icon to view the balance sheets.) Required Prepare a consolidation worksheet. Assets Cash Accounts receivable, net Note receivable from Rosa Corp. Inventory Investment in Randline Inc. Goodwill Property, plant, and equipment, net Total assets Liabilities and Shareholders' Equity Accounts payable Notes payable Note payable to Randline Inc. Other liabilities Non-controlling interest Common shares Retained earnings Total liabilities and shareholders' equity S S Rosa Corp. Consolidation Worksheet March 22, 2023 Rosa Corp. 590,000 $ 570.000 785,000 1,800,000 1.810,000 5,555,000 $ 480,000 $ 1,093.000 420.000 190,000 1.185.000 2,187,000 5,555,000 $ Randline Inc. 160 000 460.000 420,000

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To prepare a consolidation worksheet we need to consolidate the balances of Rosa Corp and Randline I... View the full answer