Bolero Company holds 70 percent of the common stock of RIivera, Inc, and 30 percent ofthis subsidiary's convertible bonds. The following consolidated fnancial statoments are for 2017 and 2018 2017 $ (905,000) (1,035,000) 651,000 Cost of goods sold Depreciation and amortization Gain on sale of building Interest expense Consolidated net income o noncontroling interest 611,000 101,000 122,000 41,000 22,000 31,000) 41,000 (152,000) 20,000 252.000) to parent company (132,000) (230,000) 382,000) (230,000) Retained earnings, 1/1 Net income (132,000) 61,000 Dividends declared Retained earnings, 12/31 Cash Accounts receivable nventory Buildings and equipment (net) Databases $ (382,000) (501,000) . -T 182.000 51,000 362,000 713,000 56,000 91,000 172,000 211,000 651,000 Total assets Accounts payable Bonds payable Noncontroling interest in Rivera Common stock 1297,000 1,564,000 411,000) 43,000) (120,000) (188,000) 522,000) (62,000) 41,000) Additional paid-in capital Retained eamings 228,000) 287000 (0.804 00 Total liabilities and equities 1,297,000)$ (1,564,000) Additional Information for 2018 The parent issued bonds during the year for cash Amortization of databases amounts to $16,000 per year The parent sold a building with a cost of $82,000 but a $41,000 book value for cash on May 11 The subsidiary purchased equipment on July 23 for $209,000 in cash Late in November, the parent issued stock for cash During the year, the subsidiary paid dividends of $10,000. Both parent and subsidiary pay dividends in the same year as declared