Angelo Corporation la private company) acquired all of the outstanding voting stock of Eddy Tech, Inc. on January 1, 2021, in exchange for $9,170,000 in cash. At the acquisition date, Eddy Tech's stockholders' equity was $7810,000 including retained earnings of $3,245,000 At the acquisition date, Angela prepared the following fair value allocation schedule for its newly acquired subsidiary: $ 9,170,000 7,510.000 $1,360,000 Consideration transferred Eddy's stockholder's equity Excess fair over book value to patented technology (S-year remaining life) to trade names indefinite remaining life) to equipment (8-year remaining life) Goodwill $ 159,500 536,000 52.000 768,500 591,500 $ At the end of 2021. Angels 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 solo Depreciation expense Amortization expense Other operative expenses Net Income Angela $ (8,055,000) 4,054,500 582,000 3,44,000 85,600 5 (2,985,900) Eddy Tech 5 (2,705,200) 1,452,500 48,500 19,200 59,100 $ (1,125,400) Required: Prepare a 2021 consolidated income statement for Angelo 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 $ 0 0 $ 0