Computations of separate and consolidated statements given Pet Corporation acquired an 80 percent interest in She Corporation on January 1, 2011, for $320,000, at which time She had capital stock of $200,000 outstanding and retained eamings of $100,000. The price paid reflected a $100,000 undervaluation of She's plant and equipment. The plant and equipment had a remaining useful life of eight years when Pet acquired its interest. Separate and consolidated financial statements for Pet Corporation and its subsidiary, She Corporation, for the year ended December 31,2013 , are as follows: She sells merchandise to Pet but never purchases from Pet. On January 1, 2013, She purchased $100,000 par of 10 percent Pet Corporation bonds for $106,000. These bonds mature on December 31, 2015, and She expects to hold the bonds until maturity. Both She and Pet use straight-line amortization. Interest is payable on December 31