$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$TABLE $1$: Trial Balance as of December $31,20$X$5\}\backslash \backslash$

$\backslash$hline Account & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$Portsmouth$\}$ & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$Soledad$\}\backslash \backslash$

$\backslash$hline & Dr & $\backslash ($ C r $\backslash )$ & $\backslash ($ D r $\backslash )$ & $\backslash ($ C r $\backslash )\backslash \backslash$

$\backslash$hline Cash & $72,196$ & & $216,330$ & $\backslash \backslash$

$\backslash$hline Accounts Receivable & $311,370$ & & $231,120$ & $\backslash \backslash$

$\backslash$hline Inventory & $963,000$ & & $218,280$ & $\backslash \backslash$

$\backslash$hline Land & $561,750$ & & $304,950$ & $\backslash \backslash$

$\backslash$hline Equipment & $160,500$ & & $80,250$ & $\backslash \backslash$

$\backslash$hline Buildings & $2,648,250$ & & $850,650$ & $\backslash \backslash$

$\backslash$hline Accum. Depreciation & & $1,245,480$ & & $64,200\backslash \backslash$

$\backslash$hline Investment in Soledad & $1,295,410$ & & & $\backslash \backslash$

$\backslash$hline Cost of Goods Sold & $802,500$ & & $783,240$ & $\backslash \backslash$

$\backslash$hline Selling Expense & $625,950$ & & $121,980$ & $\backslash \backslash$

$\backslash$hline Depreciation$/$Amort$.$ Expense & $192,600$ & & $48,150$ & $\backslash \backslash$

$\backslash$hline Dividends & $256,800$ & & $18,000$ & $\backslash \backslash$

$\backslash$hline Accounts Payable & & $256,800$ & & $144,450\backslash \backslash$

$\backslash$hline Bonds Payable & & $603,480$ & & $288,900\backslash \backslash$

$\backslash$hline Common Stock & & $1,540,800$ & & $690,150\backslash \backslash$

$\backslash$hline Retained Earnings & & $1,011,150$ & & $481,500\backslash \backslash$

$\backslash$hline Sales Revenue & & $3,210,000$ & & $1,203,750\backslash \backslash$

$\backslash$hline Income from Soledad & & $22,616$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}\backslash$begin$\{$table$\}$

$\backslash$captionsetup$\{$labelformat$=$empty$\}$

$\backslash$caption$\{$Consolidation Worksheet$\}$

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{\}$ & Consolidation Entries DR CR & Consolidated $\backslash \backslash$

$\backslash$hline & Portsmouth & Soledad & & $\backslash \backslash$

$\backslash$hline Income Statement: & & & & $\backslash \backslash$

$\backslash$hline Sales Revenue & & & & $\backslash \backslash$

$\backslash$hline Cost of Goods Sold & & & & $\backslash \backslash$

$\backslash$hline Selling Expense & & & & $\backslash \backslash$

$\backslash$hline Depreciation$/$Amort$.$ Expense & & & & $\backslash \backslash$

$\backslash$hline Income from Soledad & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Consolidated Net Income & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Controlling Interest in NI & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Statement of RE: & & & & $\backslash \backslash$

$\backslash$hline Beginning RE Balance & & & & $\backslash \backslash$

$\backslash$hline $+$Net Income & & & & $\backslash \backslash$

$\backslash$hline $-$Dividends & & & & $\backslash \backslash$

$\backslash$hline Ending RE Balance & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Balance Sheet: & & & & $\backslash \backslash$

$\backslash$hline Cash & & & & $\backslash \backslash$

$\backslash$hline Accounts Receivable & & & & $\backslash \backslash$

$\backslash$hline Inventory & & & & $\backslash \backslash$

$\backslash$hline Land & & & & $\backslash \backslash$

$\backslash$hline Equipment & & & & $\backslash \backslash$

$\backslash$hline Buildings & & & & $\backslash \backslash$

$\backslash$hline Accum. Depreciation & & & & $\backslash \backslash$

$\backslash$hline Investment in Soledad & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Total Assets & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Accounts Payable & & & & $\backslash \backslash$

$\backslash$hline Bonds Payable & & & & $\backslash \backslash$

$\backslash$hline Common Stock & & & & $\backslash \backslash$

$\backslash$hline Retained Earnings & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Total Liab. $\backslash$& Equity & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$\backslash$end$\{$table$\}$