Complete ntity as year end cosolidated income statement

Google x Courses x P Dashboard X Timeout alert X APA Citation Gene X C https://www.gleim.com/pled/assessment/main.php 1 2 3 3 Additional information: . In its separate financial statements, Entity A accounts for its investment in the subsidiary (Entity B) according to the cost model. Thus, dividends from the subsidiary are recognized as income. . During Year 1, Entity B distributed a cash dividend of $40,000. . On December 31, Year 1, Entity A sold on credit an inventory item with a cost of $20,000 to Entity B for $28,000. This item is in Entity B's inventory at year end. Note: To simplify the simulation, items of other comprehensive income are not included. Complete Entity A's year-end consolidated income statement. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no entry is necessary, enter a zero (0). Item Amount 1 year after acquisition 1. Net sales 123 2. Cost of sales 23 3. Dividend income 123 4. Net income 123 Copyright 2' | Privacy Policy Z' | Employme Terms and Conditions of Service E Phone: (800) 874-5346 | Fax: (352) 375-6940 1995-2020 Gleim Publications, Inc. and/or Gleim Inte Type here to search O w 131 2 3 Item Amount 1 year after acquisition 1. Net sales 123 2. Cost of sales 23 3. Dividend income 123 4. Net income 23 5. Net income attributable to the NCI 123 6. Net income attributable to the parent 123 Copyright 2' | Privacy Policy Z' | Employ Terms and Conditions of Service Z Phone: (800) 874-5346 | Fax: (352) 375-6 1995-2020 Gleim Publications, Inc. and/or Gleim I Type here to search O G w