$31$ and are shown in the table given below. The following items were overlooked when the statements were prepared:

The Year $5$ gain on sale of assets resulted from the subsidiary selling equipment to the parent on September $30.$ The parent

immediately leased the equipment back to the subsidiary at an annual rental of $$13,200.$ This was the only intercompany rent

transaction that occurred each year. The equipment had a remaining life of five years on the date of the intercompany sale.

The Year $6$ gain on sale of assets resulted from the January $1$ sale of a building, with a remaining life of seven years, by the

subsidiary to the parent.

Both gains were taxed at a rate of $40\%.$

Required:

Prepare correct consolidated income statements for Years $5$ and $6.($Input all values as positive numbers. Leave no cells blank $-$ be

certain to enter zero wherever required. Omit $ sign in your response.$)$