Question: 3. Create a simply equity worksheet work sheet for excerise 4. Ereke's 2) Equity method, second year, eliminations, statements. The trial balances of Pepper and

3. Create a simply equity worksheet work sheet for excerise 4.

Ereke's 2) Equity method, second year, eliminations, statements. The trial balances of Pepper and Salt companies of Exercise 3 for December 31, 20X2, are presented as follows: Salt 115,000 200,000 Pe 152,000 400,000 30,000 (40,000) 270,000 (80,000) 300, 100,000) (continued) Salt (260,000) (170,000) (200,000 (100,000) 85,000 160,000 (12,000 0,000 Pepper Company continued to use the simple equity method 1. Prepare all the eliminations and adjustments that would be made on the 20X2 consolidated worksheet. 2. Prepare the 20X2 consolidated income statement and its related income distribution schedules. Ereke's 2) Equity method, second year, eliminations, statements. The trial balances of Pepper and Salt companies of Exercise 3 for December 31, 20X2, are presented as follows: Salt 115,000 200,000 Pe 152,000 400,000 30,000 (40,000) 270,000 (80,000) 300, 100,000) (continued) Salt (260,000) (170,000) (200,000 (100,000) 85,000 160,000 (12,000 0,000 Pepper Company continued to use the simple equity method 1. Prepare all the eliminations and adjustments that would be made on the 20X2 consolidated worksheet. 2. Prepare the 20X2 consolidated income statement and its related income distribution schedules

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