Slender Products Corporation purchased 80 percent ownership of LoCal Bakeries on January 1, 20X3, for \(\$ 40,000\) more than its portion of LoCal's underlying book value. The full additional payment is assigned to depreciable assets with an eight-year economic life. Income statement data for the two companies for \(20 \mathrm{X} 3\) included the following:

During 20X3. Slender Products Corporation purchased a special imported yeast for \(\$ 35,000\) and resold it to LoCal Bakeries for \(\$ 50,000\). None of the yeast was resold by LoCal Bakeries before year-end.
\section*{Required}
Determine the amounts to be reported in the consolidated income statement for \(20 \times 3\) for each of the following items:

a. Sales.

b. Investment income from LoCal Bakeries.

c. Cost of goods sold.

d. Depreciation expense.

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Sales Cost of Goods Sold Depreciation Expense Income before Income from Subsidiary Net Income Slender Products LoCal Bakeries $300,000 $200,000 $200,000 $130.000 40,000 (240,000) 30.000 (160.000) $ 60,000 $ 40,000