Angela Corporation (a private company) acquired all of the outstanding voting stock of Eddy Tech, Inc., on January 1, 2021, in exchange for $9,820,000 in cash. At the acquisition date, Eddy Tech's stockholders' equity was $7,970,000 including retained earnings of $3,470,000 At the acquisition date, Angela prepared the following fair value allocation schedule for its newly acquired subsidiary: $ 9.820.000 7. 970.000 $ 1.850.000 Consideration transferred Eddy's stockholder's equity Excess fair over book value to patented technology (5-year renaining life) to trade names indefinite remaining life) to equipment (8-year remaining life) Goodwill $ 181,500 522.500 100.000 804.000 $ 1.046,000 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 (8,280,000) 4. 167.000 540,000 252.000 76,000 (3, 245, 000) Eddy Tech $ (2,770, 000) 1,485.000 68,000 20,600 53.700 $ (1.142,700) $ 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