b$.$ What amount should be reported as accumulated depreciation for the consolidated entity at December $31,\backslash (20\backslash$times $6\backslash )($assuming Peace does not make the optional accumulated depreciation consolidation entry$)?$

Accumulated depreciation

$\backslash$$ $313,000$

c$.$ If Symbol reported capital stock outstanding of $\backslash$$$60,000$ and retained earnings of $\backslash$$$30,000$ on January $1,20$X$1,$ what amount did Peace pay to acquire its ownership of Symbol?

d$.$ What balance does Peace report as its investment in Symbol at December $31,20$X$6?$

Investment balance

e$.$ What amount of intercorporate sales of inventory occurred in $20$X$6?$

Intercorporate sales

$\backslash$$ $9,000$

f$.$ What amount of unrealized inventory profit exists at December $31,20$X$6?$ g$.$ Prepare the consolidation entry used in eliminating intercompany inventory sales during $20$X$6.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Consolidation Worksheet Entries

A

Record the entry to eliminate the intercompany inventory sales.

Note: Enter debits before credits.

h$.$ What was the amount of unrealized inventory profit at January $1,20$X$6?$

Unrealized inventory profit

i$.$ What balance in accounts receivable did Peace report at December $31,20$X$6?$

Accounts receivable balance