The following is the trial balance for Harvest Province for the current year:

Required

Prepare the consolidated statement of financial position and consolidated statement of operations and accumulated deficit for Harvest Province assuming that it has not adopted the recommendations of PS 3450 and related sections.

Transcribed Image Text:

Harvest Province Trial Balance Dr. Account Cr. $ 1,250 Accumulated deficit Cash 1,000 Education expense 1,200 GBE income 50 Health expense 1,800 $2,750 Income tax Investment in GBES 500 Investments 1,500 Unmatured debt 5,000 Other expenses 1,200 Payables 2,000 Prepaids 250 Receivables 750 Sales tax 1,750 Tangible capital assets 2,000 $11,500 $11,500