Company A want to estimate future earnings, the following data are available from Company B: net income in year 1: 5000 JD, year 2: 8000 JD. Assets include: equipment with FV 10% lower than book value, building with FV 5% higher than book value, patents with 8% lower than book value, discontinued gain 1000 (year 2), extraordinary loss 800 (year 1), equipment depreciation (each year) 10000 JD, building depreciation (each year) 5000 JD, patent amortization (each year) 8000 JD, rent exp. 2300 JD (each year). Compute future earnings. Answer: On 1/1/2020, P acquired 90% of S. Company P net income is 122000 JD which includes 8000 JD dividends income from Company S. Company S net income is 70000 JD. Compute consolidated income