Angela Corporation (a private company) acquired all of the outstanding voting stock of Eddy Tech, Inc., on January 1, 2021, in exchange for $9,830,000 in cash. At the acquisition date, Eddy Tech's stockholders' equity was $7,280,000 including retained earnings of $3,320,000. At the acquisition date, Angela prepared the following fair value allocation schedule for its newly acquired subsidiary: $ 9,838,888 7, 288,888 $ 2,550,000 Consideration transferred Eddy's stockholder's equity Excess fair over book value to patented technology (5-year remaining life) to trade names (indefinite remaining life) to equipment (8-year remaining life) Goodwill $ 180,500 534,888 94,888 808,500 $ 1,741,500 At the end of 2021, Angela and Eddy Tech report the following amounts from their individually maintained account balances, before consideration of their parent-subsidiary relationship. Parentheses Indicate a credit balance. Sales Cost of goods sold Depreciation expense Amortization expense other operating expenses Net income Angela $ (3,152,500) 4,103,250 530,000 298,00 75,480 $ (3,145,850) Eddy Tech $ (2,520, eee) 1,350,000 65,600 23, see 71,700 $ (988,900) Required: Prepare a 2021 consolidated Income statement for Angela and its subsidiary Eddy Tech. Assume that Angela, as a private company, elects to amortize goodwill over a 10-year period. Angela Company and Subsidiary Consolidated Income Statement For the year ended December 31, 2021 Sales Cost of goods sold Gross profit Amortization expense Depreciation expense Other operating expenses Consolidated net income S 0 0 S 0