Prepare a consolidated balance sheet and journal entries

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Reference no: EM13356118

Prepare a consolidated Balance sheet and journal entries from the data.

Balance Sheet of Big as of 2006
Particulars	Big	Little
Cash and Receivable	$146,000	$98,000
Inventory	255,000	136,000
Investment in Little	345,000
Property, Plant and Equipment	959,000	328,000
Goodwill
Total Assets	$1,705,000	$562,000
Liabilities	$689,600	$71,000
Minority Interest
Common Stock	515,000	150,000
Retained Earnings	500,400	341,000
Total Liabilities	$1,705,000	$562,000

Reference no: EM13356118

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