Based on the Information for Questions 25-30 (Parts 1 and 2)…

Based on the Information for Questions 25-30 (Parts 1 and 2), what is the amount is Cell 3: Consolidated income from Senn Co.?   For your answers:  Round your answer to the nearest dollar. Enter your answer as a number with no decimal places and no dollar ($) sign. You may enter the number with or without the comma separator (e.g., 28,374 or 28374).  For partial credit: After stating your answer, show how you arrived at your answer. (e.g., 13,000 [= 7,000 from ” ” + 6,000 from ” “])  Include any explanations or logic used to arrive at your answer.

Calculate the net price factor ,  if the list price is $8,29…

Calculate the net price factor ,  if the list price is $8,299.00 and the Trade Discount Rate is 28%.  List Price      Trade Discount Rate       Net Price Factor      $8,299.00                28%                      ____________       

Part 2: Information for Questions 25-30 Consolidation Entrie…

Part 2: Information for Questions 25-30 Consolidation Entries Income Statement Penn Co. Senn Co. Debit Credit Consolidated Sales 400,000 180,000 580,000 Less: COGS (180,000) (100,000) (280,000) Less: Wage expense (50,000) (34,000) (84,000) Less: Depreciation expense (30,000) (15,000) Cell 1 Less: Interest expense (25,000) (6,000) (31,000) Less: Other expenses (40,000) (2,000) (42,000) Less: Impairment loss Cell 2 Income from Senn Co. 13,200                                           Cell 3 Consolidated net income 88,200 23,000 18,400 5,200 Cell 4 NCI in net income                                                         Cell 5 Controlling Interest in Net Income 88,200 23,000                              Cell 6   Excel file with above information: Part 2 Information for Questions 25-30.xlsx