Consolidated Financial Statements and Minority Interest The parent company owns 80% of the common stock of Company S-1 and 60% of the common stock of Company S-2. The balances as of December 31, 20X4, in the condensed accounts follow: ($ in thousands) Parent S-1 S-2 Sales in 20X4 300,000 80,000 100,000 Investment in subsidiaries* 65,000 Other assets. 135,000 90,000 20,000 Liabilities to creditors 100,000 20,000 5,000 Expenses in 20X4 280,000 90,000 90,000 Stockholders' equity, including current net income 100,000 70,000 15,000 *Carried at equity in subsidiaries. Prepare a consolidated balance sheet as of December 31, 20X4, and a consolidated income statement for 20X4 ($ in millions of dollars). Assume none of the companies sold items to each other.