January 1, 2016 Elimination Pal Book Value Sugar Book Value Debit Cash 1. C. 150,000 2. B. 120,000 3. ff. - Inventories 6. J. 550,000 7. G. 320,000 8. A. 40,000 Other Current Assets 11. P. 1,100,000 12. M. 900,000 13. D. 200,000 Land 16. O. 1,000,000 17. F. 300,000 18. L. 600,000 Plant and Equipment - net 21. Y. 6,600,000 22. V. 2,500,000 23. Q. 1,250,000 Investment in Subsidiary 26. Z. 7,000,000 27. ff. - 28. ff. - Goodwill 31. ff. - 32. ff. - 33. R. 1,843,000 Total Assets 36. DD. 16,400,000 37. X. 4,140,000 38. ff. -
Liabilities 41. T. 2,200,000 42. I. 500,000 43. ff. -
Share Capital, P10 par value 46. 6,000,000 47. O. 1,000,000 48. O. 1,000,000 Share Premium 51. bb. 7,650,000 52. H. 400,000 53. H. 400,000 Retained Earnings 56. J. 550,000 57. U. 2,240,000 58. U. 2,240,000 NCI 61. ff. - 62. ff. - 63. ff. - Total Liabilities and Shareholders' Equity 66. dd 16,400,000 67. X. 4,140,000 68. ff. - Elimination Credit Consolidation 4. ff. - 5. E. 270,000 9. ff. - 10. N. 910,000 14. ff. - 15. T. 2,200,000 19. ff. - 20. S. 1,900,000 24. ff. - 25. cc. 10,350,000 29. Z. 7,000,000 30. ff. - 34. ff. - 35. R. 1,843,000 39. ff. - 40. ee. 17,473,000
44. ff. - 45. W. 2,700,000
49. ff. - 50. Z. 7,000,000 54. ff. - 55. bb. 7,650,000 59. ff. - 60. L. 600,000 64. K. 573,000 65. K. 573,000 69. ff. - 70. ee. 17,473,000