Pet Corporation acquired an 80 percent interest in She Corporation on January 1, 2011, for $320,000, at which time She had capital stock of $200,000 outstanding and retained earnings of $100,000. The price paid reflected a $100,000 undervaluation of She's plant and equipment. The plant and equipment had a remaining useful life of eight years when Pet acquired its interest. Separate and consolidated financial statements for Pet Corporation and its subsidiary, She Corporation, for the year ended December 31, 2013, are as follows:

She sells merchandise to Pet but never purchases from Pet. On January 1, 2013, She purchased $100,000 par of 10 percent Pet Corporation bonds for $106,000. These bonds mature on December 31, 2015, and She expects to hold the bonds until maturity. Both She and Pet use straight-line amortization. Interest is payable on December 31.REQUIRED: Show computations for each of the following items:1. The $3,000 loss in the consolidated income statement2. The $230,000 consolidated sales3. Consolidated cost of goods sold of $110,0004. Intercompany profit in beginning inventories5. Intercompany profit in ending inventories6. Consolidated accounts receivable of $165,0007. Noncontrolling interest share of $8,0008. Noncontrolling interest at December 31, 20139. Investment in She stock at December 31, 201210. Investment income account of $20,000 (Pet'sbooks)

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Pet She Consolidated Combined Income and Retained Earnings Statement for the Year Ended December 31, 2013 $ 180,000 Sales Income from She $100,000 $230,000 20.000 8,000 (60,000) (18.000) Interest income Cost of goods sold Operating expenses (110,000) (30,000) (110,000) (58.000) Pet She Consolidated Interest expense Loss Noncontrolling interest share Controlling share of net income Add: Beginning retained earnings Deduct: Dividends (18,000) (9,000) (3,000) (8.000) 42.000 42,000 30,000 294,000 135,000 294.000 (20,000) (15,000) $150,000 (20,000) $316.000 $ 316,000 Ending retained earnings Balance Sheet at December 31, 2013 $ 86,000 165,000 140,000 780,000 (180,000) $ 60,000 120,000 100,000 500,000 $ 26,000 $ 60,000 Cash Accounts receivable Inventories 50,000 200,000 Plant and equipment Accumulated depreciation Investment in She stock (100,000) 320,000 (50,000) Investment in Pet bonds 104,000 $390.000 $991,000 Total assets $1,000,000 $ 80,000 204.000 $ 40.000 $105.000 102,000 400,000 316,000 68.000 Accounts payable 10% bonds payable Common stock 400,000 316,000 200,000 Retained earnings Noncontrolling interest Total equities 150,000 S1,000,000 $390.000 $991.000