Petro Corporation (in thousands) Current assets Property, net.... Dr (Cr) Seaco Inc Dr (Cr) $ 25,000...

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Petro Corporation (in thousands) Current assets Property, net.... Dr (Cr) Seaco Inc Dr (Cr) $ 25,000 $14,300 111,500 34,000 Investment in Seaco. 71,300 Liabilities.... (170,000) (33,000) Capital stock.... (5,000) (1,000) Retained earnings, beginning. (24,000) (11,500) Accumulated other comprehensive income, beginning (3,500) (500) Revenues.... (85,000) (45,000) Equity in income of Seaco... (1,000) Equity in other comprehensive income of Seaco (300) Cost of goods sold... 62,000 35,000 Operating expenses.. 20,000 8,000 Other comprehensive income. (1,000) (300) Total $ 0 $ 0 Required a. Prepare a working paper to consolidate the trial balances of Petro and Seaco at December 31, 2023. b. Prepare a consolidated statement of income and comprehensive income for 2023, and a consolidated balance sheet at December 31, 2023. Petro Corporation (in thousands) Current assets Property, net.... Dr (Cr) Seaco Inc Dr (Cr) $ 25,000 $14,300 111,500 34,000 Investment in Seaco. 71,300 Liabilities.... (170,000) (33,000) Capital stock.... (5,000) (1,000) Retained earnings, beginning. (24,000) (11,500) Accumulated other comprehensive income, beginning (3,500) (500) Revenues.... (85,000) (45,000) Equity in income of Seaco... (1,000) Equity in other comprehensive income of Seaco (300) Cost of goods sold... 62,000 35,000 Operating expenses.. 20,000 8,000 Other comprehensive income. (1,000) (300) Total $ 0 $ 0 Required a. Prepare a working paper to consolidate the trial balances of Petro and Seaco at December 31, 2023. b. Prepare a consolidated statement of income and comprehensive income for 2023, and a consolidated balance sheet at December 31, 2023.