5) Yukon Electrical Company owns all of the stock of Simmons Corporation and 80% of the stock of I-Tek Corporation. In 2017, Yukon earned net income of $450,000, Simmons earned $120,000, and I-Tek earned $180,000. Yukon's consolidated income statement would report consolidated net income of: A) $450,000 B) $570,000 C) $750,000 D) $714,000 he 6) The purchase of long-term investments would appear on a cash flow statement in the A) operating activities section B) investing activities section C) financing activities section D) would not appear on a cash flow statement