3 Bolero Company holds 75 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2020 and 2021 (credit balances indicated by parentheses): Interest expense to noncontrolling interest Bolero Company and Consolidated Subsidiary Rivera Revenues eBook Print References Gain on sale of building Consolidated net income Cost of goods sold Depreciation and amortization 2020 $ (955,000) 621,000 111,000 2021 $ (1,085,000) 661,000 0 51,000 142,000 (41,000) 51,000 (272,000) 32,000 (172,000) 30,000 to parent company $ (142,000) $ (240,000) Retained earnings, 1/1 $ (321,000) $ (392,000) Net income (142,000) (240,000) Dividends declared 71,000 121,000 Retained earnings, 12/31 $ (392,000) $ (511,000) Cash $ 101,000 $ 202,000 Accounts receivable Inventory Buildings and equipment (net) Databases Total assets Accounts payable Bonds payable Noncontrolling interest in Rivera Common stock Additional paid-in capital Retained earnings Total liabilities and equities (140,000) (198,000) (392,000) $ (1,367,000) (542,000) (72,000) (151,000) (246,000) (511,000) $ (1,654,000) 192,000 161,000 221,000 382,000 661,000 192,000 743,000 166,000 $ 1,367,000 $ 1,654,000 $ (163,000) (421,000) $ (132,000) (53,000)