Intercorporate Investments Pharmaceutical Corp and Silicon Supplies Consolidated Balance sheet Worksheet Adjustments Pharma Silicon ceutical Supplies Elminiations Minority Consoli- Corporation Company Dr Cr. Interest dated Assets Cash 16.000 11.000 27000 Accounts receivable 32.000 19.000 (4000) 47.000 Inventories 42,000 18000 60,000 Fixed Assets 64.000 42,000 106.000 Investment in Silicon Fair value at acquisition 72,000 (72,000) Excess of cost over fair valuegoodwil 6,000 6.000 Total assets 232000 =90Q00 Llabllltles and Equity Accounts payable 12,000 10,000 4,000 18,000 Capital stock: Pharmaceutical Corporation 120.000 20.000 Silicon Supplies Company 50,000 45.000 5.000 Retained earnings Pharmaceutical Corporation 100,000 100,000 Silicon Supplies Company 30,000 27,000 3,000 Minority interest 8.000 Minority Total liabilities and equity 232.000 90.000 246,000Intercorporate Investments Pharmaceutical Corp and Silicon Supplies Consolidated Balance Sheet Worksheet Adjustments Pharma- Silicon and ceutical Supplies Elminiations Minority Consoli￾Corporation Company Dr. Cr. Interest dated Assets Cash 16,000 11,000 27,000 Accounts receivable 32,000 19,000 (4,000) 47,000 Inventories 42,000 18,000 60,000 Fixed Assets 64,000 42,000 106,000 Investment in Silicon Fair value at acquisition 72,000 — (72,000) — Excess of cost over fair value (goodwill) 6,000 — 6,000 Total assets 232,000 90,000 246,000 Liabilities and Equity Accounts payable 12,000 10,000 4,000 18,000 Capital stock: Pharmaceutical Corporation 120,000 120,000 Silicon Supplies Company 50,000 45,000 5,000 Retained earnings: Pharmaceutical Corporation 100,000 100,000 Silicon Supplies Company 30,000 27,000 3,000 Minority interest 8,000 Minority Total liabilities and equity 232,000 90,000 246,000