this is for advanced accounting, Question A asks to derive the investment on the parents book at 12/31/01(employ thr gull equity method and round off pennies to nearest dollar)

Question B, prepare the journal entries for the consolidation and put on worksheet. don't complete worksheet

Following are consolidated worksheet calances as of December 31, 2001 Accoun Sales Cost of goods sold Deprecian and Am test Exp Income from Nu 1227) 11583) income 1235 1255) 440 Beginning RE Income brought forward) Less: Dividends Ending RE (15831 360 12488) 2351 65 (610) Current Asset 1526 743 Land Building and equipment net 29280 876 205 Cavih 1263 Acable Notes Payable Capital sock (100) 13001 ADIC (50 Retained earung 1610) (248) 3876 1163 Total Required A Using the above information, derive the restment on the parents books at 12/31/01 (employ the full equity method and round of pens to nearest dollar B. Prepare the journal entries for the consolidation and put on worksheet. Don't complete washeet. Following are consolidated worksheet calances as of December 31, 2001 Accoun Sales Cost of goods sold Deprecian and Am test Exp Income from Nu 1227) 11583) income 1235 1255) 440 Beginning RE Income brought forward) Less: Dividends Ending RE (15831 360 12488) 2351 65 (610) Current Asset 1526 743 Land Building and equipment net 29280 876 205 Cavih 1263 Acable Notes Payable Capital sock (100) 13001 ADIC (50 Retained earung 1610) (248) 3876 1163 Total Required A Using the above information, derive the restment on the parents books at 12/31/01 (employ the full equity method and round of pens to nearest dollar B. Prepare the journal entries for the consolidation and put on worksheet. Don't complete washeet