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AMIS624X1L - x1 Sales Cost of Sales Expenses Dividend...

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12/31/20x1 Parent Sub Adjustments Consolidated Sales 500 222 722 Cost of Sales 180 140 320 Expenses 175 135 310 Dividend Income 15 15 k Net Income/Loss 160 53 15 0 92 Retained Earnings, beg. 200 150 350 Net Income/Loss 160 53 15 0 92 Dividends Declared 40 15 15 k 40 Retained Earnings, e 320 82 15 15 402 Cash 175 17 192 A/R 50 30 80 Inventory 80 50 130 Prop., Plant, & Equip. 250 200 450 Accum. Depreciation 120 100 220 Investment in Sub. 5 5 j Payables & Accruals 60 40 100 Long-term Debt 20 70 90 Common Stock 40 5 5 j 40 Retained Earnings, e 320 82 15 15 402 560 560 297 297 20 20 852 852
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12/31/20x1 Parent Sub Adjustments Consolidated Sales 500 222 722 Cost of Sales 180 140 320 Expenses 175 135 310 Equity in NI of Sub 53 53 j Net Income/Loss 92 53 0 53 92 Retained Earnings, beg. 350 150 150 350 Net Income/Loss 92 53 0 53 92 Dividends Declared 40 15 15 k 40 Retained Earnings, e 402 82 150 68 402 Cash 175 17 192 A/R 50 30 80 Inventory 80 50 130 Prop., Plant, & Equip. 250 200 450 Accum. Depreciation 120 100 220 Investment in Sub. 87 68 k 155 j Payables & Accruals 60 40 100 Long-term Debt 20 70 90 Common Stock 40 5 5 j 40 Retained Earnings, e 402 82 150 68 402 642 642 297 297 223 223 852 852
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Investment in Sharpe ### Acquisition Expenses 19,000
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