Below are the financial statements of Hulk and Spiderman at the end of 2019

		income
		Hulk		Spiderman
sales		800,000		200,000
cogs		400,000		80,000
dep exp equip		40,000		9000
dep exp building		40000		9000
investment income		a		0
income		b		102,000

		balance sheet
		HULK CO.		SPIDERMAN CO.
Cash		700,000		90,000
accounts receivable		500,000		10,000
inventory		500,000		50,000
equipment		500,000		100,000
accumulated dep. Equipment		140,000		19,000
building		500,000		100,000
accumulated dep. Building		140,000		19,000
Investment in Spiderman		F
total assets		G		312,000
accounts payable		100,000		50,000
common stock $1 par		C		200,000
additional paid in capital		D		10,000
retained earnings		E		52,000

SPIDERMAN DID NOT ISSUE NOR ACQUIRE ANY STOCK IN 2019

HULK ONLY SOLD THE STOCK CONNECTED WITH THE ACQUISITION OF SPIDERMAN

Required:

A) make the entries Hulk makes during 2019 connected with its investment in Spiderman (don't forget the entry to acquire Spiderman on January 2, 2019 from your last question) Let me know what method (initial value, full equity, partial equity) you are using DON'T FORGET ABOUT SPIDERMAN'S DIVIDEND

B) Make the necessary worksheet entries

C) prepare a consolidated income statement

D) prepare a consolidated balance sheet

Here url for the previous question that this one refers to: https://www.chegg.com/homework-help/questions-and-answers/january-2nd-hulk-company-acquired-75-outstanding-stock-spiderman-company-issuing-selling-2-q35760122?trackid=2YD3oMLY