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CONSOLIDATED INCOME STATEMENTS Year 5 Miscellaneous revenues $ 765,000 Gain on sale of assets 10,400 Rental revenue 3,900 779,300 Miscellaneous expenses 402,200 Rental expense 54,800
CONSOLIDATED INCOME STATEMENTS Year 5 Miscellaneous revenues $ 765,000 Gain on sale of assets 10,400 Rental revenue 3,900 779,300 Miscellaneous expenses 402,200 Rental expense 54,800 Depreciation expense 78,000 Income tax expense 82,500 Non-controlling interest 34,000 651,500 Net income $ 127,800 Year 6 $ 840,000 44,100 15,600 899,700 492,940 65,200 82,800 96,000 5,520 742,460 $ 157,240 Required: Prepare correct consolidated income statements for Years 5 and 6. (Input all values as positive numbers. Leave no cells blank - be certain to enter zero wherever required. Omit $ sign in your response.) Year 6 $ Parent Company Corrected Consolidated Income Statements Years 5 and 6 Year 5 Miscellaneous revenues $ Miscellaneous expense Rent expense Depreciation expense Income tax expense Consolidated net income Attributable to: Shareholders of Parent NCI $
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