Worksheet for Consolidated FS Collin Adam Dr Cr

Income Statement
Sales 450,000 30,000 55,000
Investment income 55,200 -
Total revenue 505,200 300,000
Cost of goods sold 180,000 160,000
Depreciation Expense 50,000 20,000 5,000
Interest expense - - 1,000
Other expenses 60,000 45,000
Goodwill impairment loss - -
Total cost and expenses 290,000 225,000
Net income 215,200 75,000
NCI in Net income- Subsidiary - - 13,800
Net income to RE 215,200 75,000
Consolidated

750,000

750,000
340,000
75,000
1,000
105,000
-
521,000
229,000
- 13,800
215,200