On January 1, 20X5, Par Ltd. purchased 80% of the voting shares of Sub Ltd. for $ 906,400. The SFP of Sub Ltd. on that date was as follows:

The accounts receivable, inventory, and current liabilities have €œturned over€ by December 31, 20X5, and the net capital assets will be amortized over 10 years, on a straight- line basis.
Additional Information
1. During 20X5, Par Ltd. sold goods costing $ 100,000 to Sub Ltd. for $ 140,000. At December 31, 20X5, 20% of these goods were still in the inventory of Sub Ltd.
2. In 20X5, Sub Ltd. sold goods costing $ 200,000 to Par Ltd. for $ 250,000. At December 31, 20X5, 30% of these goods were still in the inventory of Par Ltd.
3. In 20X5, Sub Ltd. sold land to Par Ltd. for $ 300,000. The land had cost Sub $ 240,000.
4. Both companies pay income taxes at the rate of 40%.
The statements of financial position and statements of comprehensive income for Par Ltd. and Sub Ltd. at December 31, 20X5, are presented below.

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Required
Under the entity method
a. Prepare the consolidated statement of comprehensive income for the year ended December 31, 20X5.
b. Present the following as they would appear on the consolidated SFP at December 31, 20X5:
1) Net capital assets
2) Goodwill
3) Retainedearnings

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Sub Ltd. Statement of Financial Position January 1, 20xS Net carrying value 160,000 200,000 300,000 900,000 1,560,000 150,000 362,000 200,000 848,000 $1,560,000 Fair value $160,000 240,000 380,000 750,000 Accounts receivable Capital assets, net Current liabilities Bonds payable Common shares Retained eamings 130,000 362,000 Statements of Financial Position December 31, 20X5 Par Ltd Sub Ltd. 140,000 190,000 460,000 900,000 Cash Accounts receivable Inventory Buildings and equipment (net) Investment in Sub Ltd Other investments TOTAL ASSETS Current liabilities Bonds payable Common shares Retained eamings TOTAL LIABILITIES AND SHARE EQUITY 200,000 300,000 500,000 1,200,000 906,400 417,600 $3,524,000 $1,690,000 206,000 513,000 500,000 2,211,000 3,524,000 200,000 922,000 $1,690,000 Statements of Comprehensive Income Year Ended December 31, 20X5 Par Ltd Sub Ltd $2,000,000 1,400,000 600,000 $2,000,000 1,700,000 300,000 Sales Cost of sales Gross margin Depreciation expense Interest expense Income tax expense Other expenses Investment income NET INCOME AND COMPREHENSIVE INCOME ー 63,000 140,000 124,000 (37,000) 210,000 44,000 74,000 78,000 (60,000) 74,000