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Use the following financial data for 2025 for requirements D through \( G \). ...

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Accounting

Use the following financial data for 2025 for requirements D through \( G \).
Required: implied goodwill from Salem to be only \(\$ 150,000\). The impairment has not been recorded in the books of the parent. (Hint: You can infer the method being used by the parent from the information in its trial balance.)
E. Prepare a consolidated statement of financial position and a consolidated income statement for the year ended December 31,2025.
F. Describe the effect on the consolidated balances if Salem Company uses the LIFO cost flow assumption in pricing its inventory and there has been no decrease in ending inventory quantities since 2026.
G. Prepare an analytical calculation of consolidated retained earnings for the year ended December 31,2025.
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