jeter corporation purchases 80 of the outstanding stock of super company for 275000 on july 1 2011/
Required
1. Prepare a value analysis and a determination and distribution of excess schedule for the investment.
2. Prepare the 2011 consolidated worksheet. Include columns for the eliminations and adjustments, the consolidated income statement, the NCI, the controlling retained earnings, and the consolidated balance sheet. Prepare supporting income distribution schedules as well.
3. Prepare the 2011 consolidated statements, including the income statement, retained earnings statement, and balance sheet.

