Chay 246 te ote Pony Corporation purehased all he common ghares of Short Company en Janu; 2013 for PLS0,000, On that date, the book vale of the net assets Anne by Shon Company was P1S0,000. The entite excess was assigned to depreciable assets With 6-year remaining coonomic life fom January 1, 2013. The adjusted trial balances for the (wo companies on December 31, 2013, ate ag follows: en a ga Pony Corporation Short Company Debit Credit Debit Credit Cash P 15,000 P 5,000 30,000 40,000 70,000 60,000 325,000 225,000 180,000 25,000 15,000 105,000 75,000 40,000 10,000 P 50,000 P 40,000 mie 100,000 120,000 enon Stork 200,000 100,000 Retained Earn 730,000 500 Sales 200,000 Log Dividend Income _ 10,000 10,000 fe Re , as ee PEN 2885000 Besqonn pene - = Seer eee Pony Corporation uses the vost methad inazeonming, for its investmentin Short Compa Short Company dividends were declared and paid on December 31, 2013. Required; a. Prepare the eliminating: wii) consolidation workpapes. e Prepare a three-part consolidation workoaperas af December’ t 2013 Tes reeled as oF December at, 2012 to complete?