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and 20X5: \begin{tabular}{l|l|l|l|l|} \multicolumn{1}{l|}{ A } & \multicolumn{1}{c|}{ B } & C \\ \hline 11 & Required: \\ \hline 12 & a. & Compute consolidated net income for 204. \\ \hline 13 & & Note: Use cells A2 and H9 from the given information to complete this question. \\ \hline 14 & & \\ \hline 15 & Operating income of Pistol Corporation \\ \hline 16 & Net income of Scope Corporation \\ \hline 17 & Less: Unrealized profit - Scope Corporation & \\ \hline 18 & Consolidated net income & \\ \hline \end{tabular} b. Compute the inventory balance reported in the consolidated balance sheet at December 31,205, for the transactions shown. Note: Use cells A2 and H9 from the given information to complete this question. \begin{tabular}{|l|l|} \hline Inventory reported by Pistol Corporation & \\ \hline Unrealized profit on books of Scope Corporation & \\ \hline Inventory reported by Scope Corporation & \\ \hline Unrealized profit on books of Pistol Corporation & \\ \hline Inventory, December 31,205 & \\ \hline \end{tabular} c. Compute the amount included in consolidated cost of goods sold for 205 relating to the trans-actions shown. Note: Use cells A2 and H9 from the given information to complete this question. \begin{tabular}{|l|l|} \hline COGS on Sale of inventory on hand January 1,205 & \\ \hline COGS on items purchased from Scope in 205 & \\ \hline COGS on items purchased from Pistol in 205 & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|l|l|l|l|l} A & B & C & D & E & \\ \hline 36 & & \end{tabular} d. Compute the amount of income assigned to the controlling interest in the 205 consolidated income statement. Note: Use cells A2 and H9 from the given information to complete this question. \begin{tabular}{|l|l|} \hline Operating income of Pistol Corporation & \\ \hline Net income of Scope Corporation & \\ \hline Add: Inventory profit of prior year realized in 205 & \\ \hline Less: Unrealized profit - Scope Corporation & \\ \hline Less: Unrealized profit - Pistol Corporation & \\ \hline Income assigned to non-controlling interest & \\ \hline Income assigned to controlling interest & \\ \hline \end{tabular} and 20X5: \begin{tabular}{l|l|l|l|l|} \multicolumn{1}{l|}{ A } & \multicolumn{1}{c|}{ B } & C \\ \hline 11 & Required: \\ \hline 12 & a. & Compute consolidated net income for 204. \\ \hline 13 & & Note: Use cells A2 and H9 from the given information to complete this question. \\ \hline 14 & & \\ \hline 15 & Operating income of Pistol Corporation \\ \hline 16 & Net income of Scope Corporation \\ \hline 17 & Less: Unrealized profit - Scope Corporation & \\ \hline 18 & Consolidated net income & \\ \hline \end{tabular} b. Compute the inventory balance reported in the consolidated balance sheet at December 31,205, for the transactions shown. Note: Use cells A2 and H9 from the given information to complete this question. \begin{tabular}{|l|l|} \hline Inventory reported by Pistol Corporation & \\ \hline Unrealized profit on books of Scope Corporation & \\ \hline Inventory reported by Scope Corporation & \\ \hline Unrealized profit on books of Pistol Corporation & \\ \hline Inventory, December 31,205 & \\ \hline \end{tabular} c. Compute the amount included in consolidated cost of goods sold for 205 relating to the trans-actions shown. Note: Use cells A2 and H9 from the given information to complete this question. \begin{tabular}{|l|l|} \hline COGS on Sale of inventory on hand January 1,205 & \\ \hline COGS on items purchased from Scope in 205 & \\ \hline COGS on items purchased from Pistol in 205 & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{l|l|l|l|l|l|l} A & B & C & D & E & \\ \hline 36 & & \end{tabular} d. Compute the amount of income assigned to the controlling interest in the 205 consolidated income statement. Note: Use cells A2 and H9 from the given information to complete this question. \begin{tabular}{|l|l|} \hline Operating income of Pistol Corporation & \\ \hline Net income of Scope Corporation & \\ \hline Add: Inventory profit of prior year realized in 205 & \\ \hline Less: Unrealized profit - Scope Corporation & \\ \hline Less: Unrealized profit - Pistol Corporation & \\ \hline Income assigned to non-controlling interest & \\ \hline Income assigned to controlling interest & \\ \hline \end{tabular}

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