Proud Corporation Spirited Company Item Debit Credit Debit Credit $150,000 300,000 $ 235,000 500

Proud Corporation Spirited Company Item Debit Credit Debit Credit $150,000 300,000 $ 235,000 500.000 152.000 25.000 150.000 50.000 15.000 90.000 15,000 Current Assets Depreciable Assets Investment in Spirited Company Depreciation Expense Other Expenses Dividends Declared Accumulated Depreciation Current Liabilities Long-Term Debt Common Stock Retained Earnings Sales Income from Spirited Company $ 200,000 70,000 100,000 200,000 284,000 230,000 28,000 $1,112,000 $ 90,000 50,000 120.000 100.000 70,000 140,000 $1,112,000 $570,000 $570,000