Parent Subsidiary Elimination Consolidated

DR CR
STATEMENT OF FP
Asset
Current assets 152,000.00 115,000.00 267,000.00
Noncurrent assets 270,000.00 160,000.00 430,000.00
FIxed Assets 62,500.00 12,500.00 50,000.00
Investment in Sulu Co. 250,000.00 200,000.00
50,000.00
Total Assets 672,000.00 275,000.00 747,000.00
LIabilities and Equity
Current liabilities 80,000.00 - 80,000.00
Common stock
Pedro 300,000.00 300,000.00
Sulu 100,000.00 100,000.00
Retained earnings from above 292,000.00 175,000.00 2,750.00 288,250.00
NCI 1,000.00 50,000.00 66,000.00
2,750.00
12,500.00
1,750.00
Total Liabilities and Equity 672,000.00 275,000.00 334,500.00 334,500.00 734,250.00