Description

Home Office

Branch Office

Elimination
Debit

Credit

Income Statement
Sales Revenue

115,000,000

Branch Income

17,470,000

17,470,000

Realized profit

4,150,000

4,150,000

Total revenue

136,620,000

49,300,000.00

37,000,000

23,000,000.00

Depreciation Expense

5,300,000

2,780,000.00

Operating Expense

8,800,000

4,850,000.00

Other expense

4,200,000

1,200,000.00

Total expense

55,300,000

31,830,000.00

4,150,000

Net income carryforward

81,320,000

17,470,000.00

21,620,000

4,150,000

58,870,000.00

58,870,000

17,470,000.00

21,620,000

4,150,000

76,340,000 80,490,000

4,150,000

COGS

49,300,000.00

21,620,000

0
4,150,000

R/E Statement
R/E beginning

99,300,000

Home office
Net income from above
R/E ending

81,320,000
180,620,000

Statement of Financial Position

Cash

56,240,000

30,240,000.00

A/R

13,140,000

16,760,000.00

Interest Receivable
Notes Receivable
Inventory

200,000

200,000

7,500,000

7,500,000

23,100,000

Inventory from HO

12,140,000.00
4,500,000.00

Investment in Branch

76,340,000

PPE(net)

68,000,000

33,270,000.00

244,520,000

96,910,000.00

27,230,000

5,070,000.00

Total asset
Account payable

3,750,000

Notes Payable

76,340,000

7,500,000.00

Other Liabilities

4,500,000

8000000

3,750,000 88,540,000

7,500,000
200,000

Common stock

35,920,000

R/E from above

180,620,000

76,340,000 80,490,000

750,000

750,000

Unrealized profit
Total liabilities and equity

244,520,000

88,910,000.00

4,150,000

92,690,000 92,690,000

Total

164,300,000

164,300,000
55,850,000
8,080,000
13,650,000
5,400,000
82,980,000
81,320,000

99,300,000
81,320,000
180,620,000

86,480,000
29,900,000
0
0
38,990,000
0
0
101,270,000

256,640,000
32,300,000
0
7,800,000
35,920,000
180,620,000
0
256,640,000