C) Worksheet ACCURATE ACTIONS, INC. & PREMIER FINANCE, INC.

Consolidation Worksheet
Investment: Equity Method For Year Ending December 31, 2018
Consolidated Entries NCI
Accounts Accurate Actions, IncPremier Finance, Inc
Dr. Cr.
Sales (1,400,000) (670,000) 320,000 (TI)
Cost of Goods Sold 920,000 410,000 24,000 (G) 320,000 (TI), 20,000 (G*)
Operating expenses 376,000 140,000 20,000 (E.)
Equity in Earnings in KC (56,000) 0 56,000 (I)
Separate company net income (160,000) (120,000)
Consolidated net income
N.I. attributable to NCI (40,000)
N.I. attributable to Binayak, Inc.

Retained Earnings 1/1/18 (1,390,000) (560,000) 560,000 (S)

Net Income (above) (160,000) (120,000)
Dividends Declared 90,000 30,000 18,000 (D) 12,000
Retained Earnings 12/31/18 (1,460,000) (650,000)
Cash & receivables 496,000 296,000
Inventory 466,000 258,000 24,000 (G)

Investment in KC 822,000 0 20,000 (G*), 18,000 (D) 456,000 (S), 336,000 (A), 56,000 (I)
Buildings (net) 616,000 404,000
Equipment (net) 440,000 172,000
Customer List 0 0 84,000 (A) 6,000 (E.)
Patents 0 40,000 126,000 (A) 14,000 (E.)
Goodwill 0 0 350,000 (A)
Total Assets 2,840,000 1,170,000
Liabilities (780,000) (320,000)
Common Stock (600,000) (200,000) 200,000 (S)
NCI in KC 1/1/18 304,000 (S), 224,000 (A) (528,000)
NCI in KC 12/31/18 (556,000)
Retained Earnings 12/31/18 (1,460,000) (650,000)
Total L & E (2,840,000) (1,170,000) 1,778,000 1,778,000
Consolidated Totals

(1,750,000)
1,014,000
536,000
0

(200,000)
40,000
(160,000)

(1,390,000)
(160,000)
90,000
(1,460,000)
792,000
700,000

12,000
1,020,000
612,000
78,000
152,000
350,000
3,716,000
(1,100,000)
(600,000)

(556,000)
(1,460,000)
(3,716,000)