30. c.

(continued)
GIANT COMPANY AND SMALL COMPANY
Consolidation Worksheet
For Year Ending December 31, 2015
Consolidation Entries Consolidated
Accounts Giant Small Debit Credit Totals
Revenues............................................................. (1,175,000) (360,000) (1,535,000)
Cost of goods sold.............................................. 550,000 90,000 640,000
Depreciation expense......................................... 172,000 130,000(E) 5,000 307,000
Equity income of Small....................................... (135,000) -0- (I) 135,000 -0-
Net income..................................................... (588,000) (140,000) (588,000

Retained earnings 1/1......................................... (1,417,000) (620,000)(S) 620,000 (1,417,000)

Net income (above)............................................. (588,000) (140,000) (588,000)
Dividends declared............................................. 310,000 110,000 (D) 110,000 310,000
Retained earnings 12/31............................... (1,695,000) (650,000) (1,695,000

Current assets..................................................... 398,000 318,000 (P) 10,000 706,000

Investment in Small............................................. 995,000 -0- (D) 110,000 (S) 790,000 -0-
(A) 180,000
(I) 135,000
Land .................................................................. 440,000 165,000(A) 90,000 695,000
Buildings (net)..................................................... 304,000 419,000 723,000
Equipment (net)................................................... 648,000 286,000(A) 30,000 (E) 5,000 959,000
Goodwill............................................................... -0- -0- (A) 60,000 60,000
Total assets.................................................... 2,785,000 1,188,000 3,143,000

Liabilities.............................................................. (840,000) (368,000)(P) 10,000 (1,198,000)

Common stock.................................................... (250,000) (170,000)(S)170,000 (250,000)
Retained earnings (above).................................. (1,695,000) (650,000)
(1,695,000)
Total liabilities and equity............................. (2,785,000) (1,188,000)1,230,000 1,230,000 (3,143,000