PROUT COMPANY AND SUBSIDIARYConsolidated Statements WorkpaperFor the Year Ended December 31, 2025Prout SextonEliminationsNoncontrollingConsolidatedCompanyCompanyDebitCreditInterestBalancesINCOME STATEMENTSales 1,475,000 1,110,000 Dividend Income 80,000 Total Revenue 1,555,000 1,110,000 Cost of Goods Sold: 942,000 795,000 Income tax expense 187,200 90,000 Other expenses 145,000 90,000 Total cost & expenses 1,274,200 975,000 Net /consolidated income 280,800 135,000 Noncontrolling interest incomeNet income to retained earnings 280,800 135,000 STATEMENT OF RETAINED EARNINGS1/1 Retained Earnings Prout Company1,300,000 Sexton Company1,040,000Net Income from above280,800135,000Dividends declared Prout Company (120,000) Sexton Company (100,000)12/31 Retained Earnings to balance sheet1,460,8001,075,000Prout SextonEliminationsNoncontrollingConsolidatedCompanyCompanyDebitCreditInterestBalancesBALANCE SHEETCurrent assets568,000 271,000 Investment in Sexton Company1,600,000 Plant and equipment1,972,000 830,000 Accumulated depreciation (375,000) (290,000)Other assets1,000,800 1,600,000 Total assets4,765,800 2,411,000 Other liabilities305,000 136,000 Capital stock Prout Company3,000,000 Sexton Company1,200,000 Retained earnings from above1,460,800 1,075,000 1/1 Noncontrolling interest in net assets12/31 Noncontrolling interest in net assets Total liabilities & equity4,765,800 2,411,000