2. Prepare the cost-to-simple-equity conversion and the elimination as of January 1, 2017, that would be made on the December 31, 2017, consolidated trial balance worksheet for the investment in preferred stock.
3. Prepare the cost-to-simple-equity conversion and the eliminations that would be made on the December 31, 2017, consolidated trial balance worksheet for the investment in common stock. Provide a determination and distribution of excess schedule as support.
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