Below are the financial statements of Hulk and Spiderman at the end of 2019:
INCOME STATEMENT
	Hulk Co.	Spiderman Co.
Sales	$800,000	$200,000
COGS	$400,000	$80,000
Accumulated Depreciation (Equipment)	$40,000	$9,000
Accumulated Depreciation (Building)	$40,000	$9,000
Investment Income	a	$0
Income	b	$102,000
Spiderman Did Not Issue Nor Acquire Any Stock In 2019
Hulk Only Sold The Stock Connected With The Acquisition Of Spiderman
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 Depreciation (Equipment)	$140,000	$19,000
Building	$500,000	$100,000
Accumulated Depreciation (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
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.
					HINT: 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