Complete Equity with Downstream Sales Lo 6 (Note: This is the same problem as Problem 6-11, but assuming the use of the complete equity method.) Pruitt Corporation owns 90% of the common stock of Sedbrook Company. The stock was purchased for $540.000 on January 1, 2017. when Sedbrook Company's retained earnings were $100,000. Preclosing trial balances for the two companies at December 31,2021 , are presented here: The January 1, 2021, inventory of Sedbrook Company includes $30,000 of profit recorded by Pruitt Corporation on 2020 sales. During 2021. Pruitt Corporation made intercompany sales of $200,000 with a markup of 25% on cost. The ending inventory of Sedbrook Company includes goods purchased in 2021 from Pruitt for $50,000. Pruitt Corporation uses the complete equity method to record its investment in Sedbrook Company. Required: A. Prepare the consolidated statements workpaper for the year ended December 31,2021 . B. Calculate consolidated retained earnings on December 31, 2021, using the analytical or t-account approach. C. If you completed Problem 6-11, compare the consolidated balances obtained in requirement A with those obtained in that