Assume a parent company acquired its subsidiary on January $1,2$XX$1,$ with an acquisition$-$date Acquisition Accounting Premium $($AAP$)$ equal to $$450,000.$ The acquisition$-$date AAP was assigned to PPE assets $($ $$225,000,$ depreciated at $$22,500$ per year$),$ a Patent $($ $$90,000,$ amortized at $$7,500$ per year$),$ and the remainder was Goodwill. Deferred profit at December $31,2$XX$3,$ equaled $$15,000,$ with all of these inventories sold to unaffiliated companies in $2$XX$4.$ During the year ended December $31,2$XX$4,$ the subsidiary sold $$150,000$ of inventory to its parent. Deferred profit at December $31,2$XX$4,$ equals $$30,000.$ The parent uses the equity method to account for its Equity Investment. The parent and subsidiary financial statements for the year ended December $31,2$XX$4,$ follow:

Required

Complete the "Consolidation" column for the year ended December $31,2$XX$4.$

Note: Use negative signs with answers in the Consolidation column, when appropriate.unsfillated

Pequired

the "Consolidation" column for the year ended December $31,2xx.$